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DEBT (Tables)
12 Months Ended
Dec. 31, 2013
DEBT [Abstract]  
Summary of Debt

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

in thousands

2013 

 

 

2012 

 

 

Long-term Debt

 

 

 

 

 

 

6.30% notes due 2013 1

$                  0 

 

 

$      140,413 

 

 

10.125% notes due 2015 2

151,897 

 

 

152,718 

 

 

6.50% notes due 2016 3

511,627 

 

 

515,060 

 

 

6.40% notes due 2017 4

349,907 

 

 

349,888 

 

 

7.00% notes due 2018 5

399,772 

 

 

399,731 

 

 

10.375% notes due 2018 6

248,843 

 

 

248,676 

 

 

7.50% notes due 2021 7

600,000 

 

 

600,000 

 

 

7.15% notes due 2037 8

239,561 

 

 

239,553 

 

 

Medium-term notes

6,000 

 

 

16,000 

 

 

Industrial revenue bond

14,000 

 

 

14,000 

 

 

Other notes

806 

 

 

964 

 

 

Total long-term debt including current maturities

$    2,522,413 

 

 

$   2,677,003 

 

 

Less current maturities

170 

 

 

150,602 

 

 

Total long-term debt

$    2,522,243 

 

 

$   2,526,401 

 

 

Estimated fair value of long-term debt

$    2,820,399 

 

 

$   2,766,835 

 

 

 

 

 

 

1

Includes decreases for unamortized discounts, as follows: December 31, 2012 — $30 thousand.

2

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, 2013 — $2,082 thousand and December 31, 2012 — $2,983 thousand. Additionally, includes decreases for unamortized discounts as follows: December 31, 2013 — $185 thousand and December 31, 2012 — $265 thousand. The effective interest rate for these notes is 9.59%.

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, 2013 — $11,627 thousand and December 31, 2012 — $15,060 thousand. The effective interest rate for these notes is 6.02%.

4

Includes decreases for unamortized discounts, as follows: December 31, 2013 — $93 thousand and December 31, 2012 — $112 thousand. The effective interest rate for these notes is 7.41%.

5

Includes decreases for unamortized discounts, as follows: December 31, 2013 — $228 thousand and December 31, 2012 — $269 thousand. The effective interest rate for these notes is 7.87%.

6

Includes decreases for unamortized discounts, as follows: December 31, 2013 — $1,157 thousand and December 31, 2012 — $1,324 thousand. The effective interest rate for these notes is 10.62%.

7

The effective interest rate for these notes is 7.75%.

8

Includes decreases for unamortized discounts, as follows: December 31, 2013 — $627 thousand and December 31, 2012 — $635 thousand. The effective interest rate for these notes is 8.05%.

 

Schedule Of Principal And Interest Debt Payments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

in thousands

Total

 

 

Principal

 

 

Interest

 

Debt Payments (excluding the line of credit)

 

 

 

 

 

 

 

 

2014

$      187,010 

 

 

$           170 

 

 

$    186,840 

 

2015

336,981 

 

 

150,137 

 

 

186,844 

 

2016

671,779 

 

 

500,130 

 

 

171,649 

 

2017

489,279 

 

 

350,138 

 

 

139,141 

 

2018

752,754 

 

 

650,022 

 

 

102,732