DEBT (Tables)

12 Months Ended

Dec. 31, 2012

Summary of Debt

Debt at December 31 is summarized as follows:

in thousands	2012		2011
Long-term Debt
Bank line of credit		$0		$0
5.60% notes due 2012 1		0		134,508
6.30% notes due 2013 2		140,413		140,352
10.125% notes due 2015 3		152,718		153,464
6.50% notes due 2016 4		515,060		518,293
6.40% notes due 2017 5		349,888		349,869
7.00% notes due 2018 6		399,731		399,693
10.375% notes due 2018 7		248,676		248,526
7.50% notes due 2021 8		600,000		600,000
7.15% notes due 2037 9		239,553		239,545
Medium-term notes		16,000		16,000
Industrial revenue bonds		14,000		14,000
Other notes		964		1,189
Total long-term debt including current maturities		$2,677,003		$2,815,439
Less current maturities		150,602		134,762
Total long-term debt		$2,526,401		$2,680,677
Estimated fair value of long-term debt		$2,766,835		$2,796,504

¹  Includes decreases for unamortized discounts, as follows: December 31, 2011 — $49 thousand.

²  Includes decreases for unamortized discounts, as follows: December 31, 2012 — $30 thousand and December 31, 2011 — $92 thousand. The effective interest rate for these notes is 7.48%.

³  Includes an increase for the unamortized portion of the deferred gain realized upon the August 2011 settlement of interest rate swaps, as follows: December 31, 2012 — $2,983 thousand and December 31, 2011 — $3,802 thousand. Additionally, includes decreases for unamortized discounts, as follows: December 31, 2012 — $265 thousand and December 31, 2011 — $338 thousand. The effective interest rate for these notes is 9.59%.

⁴  Includes an increase for the unamortized portion of the deferred gain realized upon the August 2011 settlement of interest rate swaps, as follows: December 31, 2012 — $15,060 thousand and December 31, 2011 — $18,293 thousand. The effective interest rate for these notes is 6.02%.

⁵  Includes decreases for unamortized discounts, as follows: December 31, 2012 — $112 thousand and December 31, 2011 — $131 thousand. The effective interest rate for these notes is 7.41%.

⁶  Includes decreases for unamortized discounts, as follows: December 31, 2012 — $269 thousand and December 31, 2011 — $307 thousand. The effective interest rate for these notes is 7.87%.

⁷ Includes decreases for unamortized discounts, as follows: December 31, 2012 — $1,324 thousand and December 31, 2011 — $1,474 thousand. The effective interest rate for these notes is 10.62%.

⁸ The effective interest rate for these notes is 7.75%.

⁹  Includes decreases for unamortized discounts, as follows: December 31, 2012 — $635 thousand and December 31, 2011 — $643 thousand. The effective interest rate for these notes is 8.05%.

Total (Principal and Interest) Debt Payments, Excluding Bank Line Of Credit

The total scheduled (principal and interest) debt payments, excluding any draws, if any, on the line of credit, for the five years subsequent to December 31, 2012 are as follows:

in thousands	Total		Principal		Interest
Debt Payments (excluding the line of credit)
2013	$	342,050	$	150,602	$	191,448
2014		187,063		170		186,893
2015		337,019		150,137		186,882
2016		671,817		500,130		171,687
2017		489,317		350,138		139,179