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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30

 

 

December 31

 

 

September 30

 

in thousands

2014 

 

 

2013 

 

 

2013 

 

Long-term Debt

 

 

 

 

 

 

 

 

10.125% notes due 2015 1

$        151,212 

 

 

$      151,897 

 

 

$      152,110 

 

6.50% notes due 2016 2

127,209 

 

 

511,627 

 

 

512,505 

 

6.40% notes due 2017 3

218,585 

 

 

349,907 

 

 

349,902 

 

7.00% notes due 2018 4

399,805 

 

 

399,772 

 

 

399,761 

 

10.375% notes due 2018 5

248,981 

 

 

248,843 

 

 

248,799 

 

7.50% notes due 2021 6

600,000 

 

 

600,000 

 

 

600,000 

 

7.15% notes due 2037 7

239,568 

 

 

239,561 

 

 

239,559 

 

Medium-term note 8

6,000 

 

 

6,000 

 

 

6,000 

 

Industrial revenue bond 9

14,000 

 

 

14,000 

 

 

14,000 

 

Other notes

753 

 

 

806 

 

 

916 

 

Total long-term debt including current maturities

$     2,006,113 

 

 

$   2,522,413 

 

 

$   2,523,552 

 

Less current maturities

145 

 

 

170 

 

 

163 

 

Total long-term debt

$     2,005,968 

 

 

$   2,522,243 

 

 

$   2,523,389 

 

Estimated fair value of long-term debt

$     2,259,218 

 

 

$   2,820,399 

 

 

$   2,795,661 

 

 

 

 

 

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%.

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%.

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%.

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%.  

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%.

The effective interest rate for these notes is 7.75%.

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%.

This note matures in 2021, has a stated interest rate of 8.85% and an effective interest rate of 8.88%.

This variable-rate tax-exempt bond matures in November 2022 and is backed by a standby letter of credit.