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DEBT (Tables)
6 Months Ended
Jun. 30, 2014
DEBT [Abstract]  
Summary of Debt

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30

 

 

December 31

 

 

June 30

 

in thousands

2014 

 

 

2013 

 

 

2013 

 

Short-term Debt

 

 

 

 

 

 

 

 

Bank line of credit

$                  0 

 

 

$                0 

 

 

$     100,000 

 

Total short-term debt

$                  0 

 

 

$                0 

 

 

$     100,000 

 

Long-term Debt

 

 

 

 

 

 

 

 

10.125% notes due 2015 1

$       151,446 

 

 

$     151,897 

 

 

$     152,317 

 

6.50% notes due 2016 2

127,445 

 

 

511,627 

 

 

513,369 

 

6.40% notes due 2017 3

218,582 

 

 

349,907 

 

 

349,897 

 

7.00% notes due 2018 4

399,794 

 

 

399,772 

 

 

399,751 

 

10.375% notes due 2018 5

248,934 

 

 

248,843 

 

 

248,757 

 

7.50% notes due 2021 6

600,000 

 

 

600,000 

 

 

600,000 

 

7.15% notes due 2037 7

239,566 

 

 

239,561 

 

 

239,557 

 

Medium-term notes

6,000 

 

 

6,000 

 

 

6,000 

 

Industrial revenue bonds

14,000 

 

 

14,000 

 

 

14,000 

 

Other notes

770 

 

 

806 

 

 

933 

 

Total long-term debt including current maturities

$    2,006,537 

 

 

$  2,522,413 

 

 

$  2,524,581 

 

Less current maturities

158 

 

 

170 

 

 

161 

 

Total long-term debt

$    2,006,379 

 

 

$  2,522,243 

 

 

$  2,524,420 

 

Estimated fair value of long-term debt

$    2,312,178 

 

 

$  2,820,399 

 

 

$  2,756,202 

 

 

 

 

 

Includes an increase for the unamortized deferred gain realized upon the August 2011 settlement of interest rate swaps, as follows: June  30, 2014 — $1,587 thousand, December 31, 2013 — $2,082 thousand and June 30, 2013 — $2,543 thousand. Additionally, includes decreases for unamortized discounts, as follows: June  30, 2014 — $141 thousand, December 31, 2013 — $185 thousand and June 30, 2013 — $226 thousand. The effective interest rate for these notes is 9.58%.

Includes an increase for the unamortized deferred gain realized upon the August 2011 settlement of interest rate swaps, as follows: June  30, 2014 — $2,444 thousand, December 31, 2013 — $11,627 thousand and June  30, 2013 — $13,369 thousand. The effective interest rate for these notes is 6.00%.

Includes decreases for unamortized discounts, as follows: June  30, 2014 — $51 thousand, December 31, 2013 — $93 thousand and June 30, 2013 — $103 thousand. The effective interest rate for these notes is 7.41%.

Includes decreases for unamortized discounts, as follows: June 30, 2014 — $206 thousand, December 31, 2013 — $228 thousand and June 30, 2013 — $249 thousand. The effective interest rate for these notes is 7.87%.  

Includes decreases for unamortized discounts, as follows: June 30, 2014 — $1,066 thousand, December 31, 2013 — $1,157 thousand and June 30, 2013 — $1,243 thousand. The effective interest rate for these notes is 10.63%.

The effective interest rate for these notes is 7.75%.

Includes decreases for unamortized discounts, as follows: June 30, 2014 — $622 thousand, December 31, 2013 — $627 thousand and June 30, 2013 — $631 thousand. The effective interest rate for these notes is 8.05%.