Summary of Debt |
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September 30
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December 31
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September 30
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in thousands
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2014
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2013
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2013
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Long-term Debt
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10.125% notes due 2015 1
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$ 151,212
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$ 151,897
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$ 152,110
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6.50% notes due 2016 2
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127,209
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511,627
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512,505
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6.40% notes due 2017 3
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218,585
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349,907
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349,902
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7.00% notes due 2018 4
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399,805
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399,772
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399,761
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10.375% notes due 2018 5
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248,981
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248,843
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248,799
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7.50% notes due 2021 6
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600,000
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600,000
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600,000
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7.15% notes due 2037 7
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239,568
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239,561
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239,559
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Medium-term note 8
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6,000
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6,000
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6,000
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Industrial revenue bond 9
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14,000
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14,000
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14,000
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Other notes
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753
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806
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916
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Total long-term debt including current maturities
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$ 2,006,113
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$ 2,522,413
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$ 2,523,552
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Less current maturities
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145
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170
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163
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Total long-term debt
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$ 2,005,968
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$ 2,522,243
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$ 2,523,389
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Estimated fair value of long-term debt
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$ 2,259,218
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$ 2,820,399
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$ 2,795,661
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1
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Includes an increase for the unamortized deferred gain realized upon the August 2011 settlement of interest rate swaps, as follows: September 30, 2014 — $1,330 thousand, December 31, 2013 — $2,082 thousand and September 30, 2013 — $2,315 thousand. Additionally, includes decreases for unamortized discounts, as follows: September 30, 2014 — $118 thousand, December 31, 2013 — $185 thousand and September 30, 2013 — $206 thousand. The effective interest rate for these notes is 9.58%.
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2
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Includes an increase for the unamortized deferred gain realized upon the August 2011 settlement of interest rate swaps, as follows: September 30, 2014 — $2,208 thousand, December 31, 2013 — $11,627 thousand and September 30, 2013 — $12,505 thousand. The effective interest rate for these notes is 6.00%.
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3
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Includes decreases for unamortized discounts, as follows: September 30, 2014 — $48 thousand, December 31, 2013 — $93 thousand and September 30, 2013 — $98 thousand. The effective interest rate for these notes is 7.41%.
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4
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Includes decreases for unamortized discounts, as follows: September 30, 2014 — $195 thousand, December 31, 2013 — $228 thousand and September 30, 2013 — $239 thousand. The effective interest rate for these notes is 7.87%.
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5
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Includes decreases for unamortized discounts, as follows: September 30, 2014 — $1,019 thousand, December 31, 2013 — $1,157 thousand and September 30, 2013 — $1,201 thousand. The effective interest rate for these notes is 10.625%.
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6
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The effective interest rate for these notes is 7.75%.
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7
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Includes decreases for unamortized discounts, as follows: September 30, 2014 — $620 thousand, December 31, 2013 — $627 thousand and September 30, 2013 — $629 thousand. The effective interest rate for these notes is 8.05%.
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8
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This note matures in 2021, has a stated interest rate of 8.85% and an effective interest rate of 8.88%.
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9
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This variable-rate tax-exempt bond matures in November 2022 and is backed by a standby letter of credit.
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