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DEBT (Tables)
12 Months Ended
Dec. 31, 2014
Schedule Of Debt Outstanding

Debt outstanding consists of the following (in thousands):

 

     December 31,  
     2014      2013  

Revolving Credit Facility, principal due at maturity in December 2017; interest payable periodically at variable interest rates. The weighted average rate at December 31, 2014 and 2013 was 1.9% and 1.7%, respectively.

   $ 525,000       $ 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   
  

 

 

    

 

 

 
$ 1,200,000    $ 1,205,000   
  

 

 

    

 

 

 
Schedule of Principal Payments

Scheduled principal payments as of December 31, 2014 for the next five years and thereafter were as follows (in thousands):

 

2015

$ —     

2016

  —     

2017

  525,000   

2018

  —     

2019

  —     

Thereafter

  675,000   
  

 

 

 

Total debt

$ 1,200,000