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Debt (Tables)
12 Months Ended
Dec. 31, 2013
Debt Disclosure [Abstract]  
Summary of Debt and Capital Lease Obligations

The Company’s debt and capital lease obligations at December 31 consisted of (amounts in thousands):

 

     2013     2012  

$1 Billion Credit Facility

   $ 509,500      $ —     

$925 Million Credit Facility

     —          545,000   

3.75% Convertible Senior Notes, net of unamortized discount of $10,096 and $26,961

     293,962        333,039   

5% Senior Notes

     350,000        —     

6.75% Senior Notes

     —          152,180   

Capital lease obligations

     958        1,644   
  

 

 

   

 

 

 

Total debt

     1,154,420        1,031,863   

Less amounts due within one year

     (599     (130,358
  

 

 

   

 

 

 

Total long-term debt

   $ 1,153,821      $ 901,505   
  

 

 

   

 

 

Annual Maturities of Long-Term Debt Excluding Capital Lease Obligations

Annual maturities of long-term debt, excluding capital lease obligations, are as follows (amounts in thousands):

 

     $1 Billion
Credit Facility
     3.75% Convertible
Senior Notes
     5%
Senior Notes
     Total  

2014(1)

   $ —         $ 304,058       $ —         $ 304,058   

2015

     —           —           —           —     

2016

     —           —           —           —     

2017

     509,500         —           —           509,500   

2018

     —           —           —           —     

Years thereafter

     —           —           350,000         350,000   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 509,500       $ 304,058       $ 350,000       $ 1,163,558   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) As the Company has the intent and ability to refinance all of its convertible notes on a long-term basis when due, these notes have been classified as long-term debt.