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DEBT (Tables)
6 Months Ended
Jun. 30, 2014
Schedule of Debt Outstanding

Debt outstanding as of June 30, 2014 and December 31, 2013 consists of the following (in thousands):

 

     June 30,
2014
     December 31,
2013
 

Revolving Credit Facility, principal due at maturity in December

2017; interest payable periodically at variable interest rates. The

weighted average rate at June 30, 2014 and December 31, 2013 was 1.9% and 1.7%, respectively.

   $ 520,000       $ 530,000   

4.625% Senior Notes, principal due at maturity in May 2023; interest payable semi-annually in May and November at 4.625%.

     350,000         350,000   

4.125% Senior Notes, principal due at maturity in April 2020;

interest payable semi-annually in April and October at 4.125%.

     325,000         325,000   
  

 

 

    

 

 

 
   $ 1,195,000       $ 1,205,000