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DEBT (Tables)
3 Months Ended
Mar. 31, 2013
Summary of Debt

Debt is summarized as follows:

 

in thousands   

March 31

2013

    

December 31

2012

    

March 31

2012

 

Long-term Debt

        

Bank line of credit

     $0         $0         $0   

5.60% notes due 2012 1

     0         0         134,521   

6.30% notes due 2013 2

     140,430         140,413         140,367   

10.125% notes due 2015 3

     152,520         152,718         153,284   

6.50% notes due 2016 4

     514,221         515,060         517,503   

6.40% notes due 2017 5

     349,892         349,888         349,874   

7.00% notes due 2018 6

     399,741         399,731         399,702   

10.375% notes due 2018 7

     248,716         248,676         248,562   

7.50% notes due 2021 8

     600,000         600,000         600,000   

7.15% notes due 2037 9

     239,555         239,553         239,547   

Medium-term notes

     6,000         16,000         16,000   

Industrial revenue bonds

     14,000         14,000         14,000   

Other notes

     949         964         1,098   

Total long-term debt including current maturities

         $2,666,024             $2,677,003             $2,814,458   

Less current maturities

     140,604         150,602         144,706   

Total long-term debt

     $2,525,420         $2,526,401         $2,669,752   

Estimated fair value of long-term debt

     $2,851,237         $2,766,835         $2,864,657   

 

  1 

Includes decreases for unamortized discounts, as follows: March 31, 2012 — $36 thousand.

  2 

Includes decreases for unamortized discounts, as follows: March 31, 2013 — $14 thousand, December 31, 2012 — $30 thousand and March 31, 2012 — $77 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: March 31, 2013 — $2,766 thousand, December 31, 2012 — $2,983 thousand and March 31, 2012 — $3,604 thousand. Additionally, includes decreases for unamortized discounts, as follows: March 31, 2013 — $246 thousand, December 31, 2012 — $265 thousand and March 31, 2012 — $320 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: March 31, 2013 — $14,221 thousand, December 31, 2012 — $15,060 thousand and March 31, 2012 — $17,503 thousand. The effective interest rate for these notes is 6.02%.

  5 

Includes decreases for unamortized discounts, as follows: March 31, 2013 — $108 thousand, December 31, 2012 — $112 thousand and March 31, 2012 — $126 thousand. The effective interest rate for these notes is 7.41%.

  6 

Includes decreases for unamortized discounts, as follows: March 31, 2013 — $259 thousand, December 31, 2012 — $269 thousand and March 31, 2012 — $298 thousand. The effective interest rate for these notes is 7.87%.

  7 

Includes decreases for unamortized discounts, as follows: March 31, 2013 — $1,284 thousand, December 31, 2012 — $1,324 thousand and March 31, 2012 — $1,438 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: March 31, 2013 — $633 thousand, December 31, 2012 — $635 thousand and March 31, 2012 — $641 thousand. The effective interest rate for these notes is 8.05%.