XML 41 R31.htm IDEA: XBRL DOCUMENT v3.20.1
Long-Term Debt (Components of Long-Term Debt) (Details) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Debt Instrument [Line Items]    
Senior Secured Bank Credit Agreement $ 0 $ 0
Pipeline financings 163,748 167,439
Total debt principal balance 2,247,825 2,281,726
Debt discount [1] (97,873) (101,767)
Future interest payable [2] 143,749 164,914
Debt issuance costs (9,505) (10,009)
Total debt, net of debt issuance costs and discount 2,284,196 2,334,864
Less: current maturities of long-term debt [3] (98,212) (102,294)
Long-term debt 2,185,984 2,232,570
9% Senior Secured Second Lien Notes due 2021    
Debt Instrument [Line Items]    
Long-term Debt, Gross $ 584,709 614,919
Stated interest rate percentage 9.00%  
9 1/4% Senior Secured Second Lien Notes due 2022    
Debt Instrument [Line Items]    
Long-term Debt, Gross $ 455,668 455,668
Stated interest rate percentage 9.25%  
7 3/4% Senior Secured Second Lien Notes due 2024    
Debt Instrument [Line Items]    
Long-term Debt, Gross $ 531,821 531,821
Debt discount $ (25,700)  
Stated interest rate percentage 7.75%  
7 1/2% Senior Secured Second Lien Notes due 2024    
Debt Instrument [Line Items]    
Long-term Debt, Gross $ 20,641 20,641
Stated interest rate percentage 7.50%  
6 3/8% Convertible Senior Notes due 2024    
Debt Instrument [Line Items]    
Long-term Debt, Gross $ 245,548 245,548
Debt discount $ (72,200)  
Stated interest rate percentage 6.375%  
6 3/8% Senior Subordinated Notes due 2021    
Debt Instrument [Line Items]    
Long-term Debt, Gross $ 51,304 51,304
Stated interest rate percentage 6.375%  
5 1/2% Senior Subordinated Notes due 2022    
Debt Instrument [Line Items]    
Long-term Debt, Gross $ 58,426 58,426
Stated interest rate percentage 5.50%  
4 5/8% Senior Subordinated Notes due 2023    
Debt Instrument [Line Items]    
Long-term Debt, Gross $ 135,960 135,960
Stated interest rate percentage 4.625%  
Future interest payable on senior secured notes    
Debt Instrument [Line Items]    
Less: current maturities of long-term debt $ (83,751) (86,054)
Long-term debt $ 59,998 $ 78,860
[1] Consists of discounts related to our 7¾% Senior Secured Second Lien Notes due 2024 and 6⅜% Convertible Senior Notes due 2024 of $25.7 million and $72.2 million, respectively, as of March 31, 2020
[2]
Future interest payable represents most of the interest due over the terms of our 2021 Senior Secured Notes and 9¼% Senior Secured Second Lien Notes due 2022 (the “2022 Senior Secured Notes”) and has been accounted for as debt in accordance with FASC 470-60, Troubled Debt Restructuring by Debtors.
[3]
Our current maturities of long-term debt as of March 31, 2020 include $83.8 million of future interest payable related to the 2021 Senior Secured Notes and 2022 Senior Secured Notes that is due within the next twelve months.