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DEBT (Tables)
12 Months Ended
Dec. 31, 2014
DEBT [Abstract]  
Summary of Debt

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

in thousands

2014 

 

 

2013 

 

 

Short-term Debt

 

 

 

 

 

 

Bank line of credit

$                  0 

 

 

$                0 

 

 

Total short-term debt

$                  0 

 

 

$                0 

 

 

Long-term Debt

 

 

 

 

 

 

10.125% notes due 2015 1

$       150,973 

 

 

$     151,897 

 

 

6.50% notes due 2016 2

126,969 

 

 

511,627 

 

 

6.40% notes due 2017 3

218,589 

 

 

349,907 

 

 

7.00% notes due 2018 4

399,816 

 

 

399,772 

 

 

10.375% notes due 2018 5

249,030 

 

 

248,843 

 

 

7.50% notes due 2021 6

600,000 

 

 

600,000 

 

 

8.85% notes due 2021 7

6,000 

 

 

6,000 

 

 

Industrial revenue bond due 2022 8

14,000 

 

 

14,000 

 

 

7.15% notes due 2037 9

239,570 

 

 

239,561 

 

 

Other notes

637 

 

 

806 

 

 

Total long-term debt including current maturities

$    2,005,584 

 

 

$  2,522,413 

 

 

Less current maturities

150,137 

 

 

170 

 

 

Total long-term debt

$    1,855,447 

 

 

$  2,522,243 

 

 

Estimated fair value of long-term debt

$    2,113,478 

 

 

$  2,820,399 

 

 

 

 

 

 

1

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, 2014 — $1,068 thousand and December 31, 2013 — $2,082 thousand. Additionally, includes decreases for unamortized discounts as follows: December 31, 2014$95 thousand and December 31, 2013 — $185 thousand. The effective interest rate for these notes is 9.58%.

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, 2014$1,968 thousand and December 31, 2013 — $11,627 thousand. The effective interest rate for these notes is 6.00%.

3

Includes decreases for unamortized discounts, as follows: December 31, 2014$44 thousand and December 31, 2013 — $93 thousand. The effective interest rate for these notes is 7.39%.

4

Includes decreases for unamortized discounts, as follows: December 31, 2014$184 thousand and December 31, 2013 — $228 thousand. The effective interest rate for these notes is 7.87%.

5

Includes decreases for unamortized discounts, as follows: December 31, 2014$970 thousand and December 31, 2013 — $1,157 thousand. The effective interest rate for these notes is 10.625%.

6

The effective interest rate for these notes is 7.75%.

7

The effective interest rate for this note is 8.88%.

8

This variable-rate tax-exempt bond is backed by a letter of credit.

9

Includes decreases for unamortized discounts, as follows: December 31, 2014 — $618 thousand and December 31, 2013 — $627 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)

 

 

 

 

 

 

 

 

2015

$      304,162 

 

 

$     150,137 

 

 

$     154,025 

 

2016

263,975 

 

 

125,131 

 

 

138,844 

 

2017

349,482 

 

 

218,771 

 

 

130,711 

 

2018

752,732 

 

 

650,022 

 

 

102,710 

 

2019

62,794 

 

 

23 

 

 

62,771