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DEBT (Tables)
3 Months Ended
Mar. 31, 2015
DEBT [Abstract]  
Summary of Debt

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31

 

 

December 31

 

 

March 31

 

in thousands

2015 

 

 

2014 

 

 

2014 

 

Long-term Debt

 

 

 

 

 

 

 

 

10.125% notes due 2015 1, 13

$        150,728 

 

 

$      150,973 

 

 

$      151,674 

 

6.50% notes due 2016 2, 11

126,725 

 

 

126,969 

 

 

127,678 

 

6.40% notes due 2017 3, 11

218,592 

 

 

218,589 

 

 

218,578 

 

7.00% notes due 2018 4

272,580 

 

 

399,816 

 

 

399,783 

 

10.375% notes due 2018 5

249,080 

 

 

249,030 

 

 

248,888 

 

7.50% notes due 2021 6

600,000 

 

 

600,000 

 

 

600,000 

 

8.85% notes due 2021 7, 11

6,000 

 

 

6,000 

 

 

6,000 

 

Industrial revenue bond due 2022 8, 11

14,000 

 

 

14,000 

 

 

14,000 

 

4.50% notes due 2025 9

400,000 

 

 

 

 

 

7.15% notes due 2037 10

239,573 

 

 

239,570 

 

 

239,564 

 

Other notes 12

618 

 

 

637 

 

 

788 

 

Total long-term debt including current maturities

$     2,277,896 

 

 

$   2,005,584 

 

 

$   2,006,953 

 

Less current maturities 13

365,441 

 

 

150,137 

 

 

171 

 

Total long-term debt

$     1,912,455 

 

 

$   1,855,447 

 

 

$   2,006,782 

 

Estimated fair value of long-term debt

$     2,160,255 

 

 

$   2,113,478 

 

 

$   2,313,964 

 

 

 

 

 

Includes an increase for the unamortized deferred gain realized upon the August 2011 settlement of interest rate swaps, as follows: March 31, 2015 — $799 thousand, December 31, 2014 — $1,068 thousand and March 31, 2014 — $1,837 thousand. Additionally, includes decreases for unamortized discounts, as follows: March 31, 2015 — $71 thousand, December 31, 2014 — $95 thousand and March 31, 2014 — $163 thousand. The effective interest rate for these notes is 9.575%.

Includes an increase for the unamortized deferred gain realized upon the August 2011 settlement of interest rate swaps, as follows: March 31, 2015 — $1,724 thousand, December 31, 2014 — $1,968 thousand and March 31, 2014 — $2,677 thousand. The effective interest rate for these notes is 6.00%.

Includes decreases for unamortized discounts, as follows: March 31, 2015 — $41 thousand, December 31, 2014 — $44 thousand and March 31, 2014 — $55 thousand. The effective interest rate for these notes is 7.39%.

Includes decreases for unamortized discounts, as follows: March 31, 2015 — $117 thousand, December 31, 2014 — $184 thousand and March 31, 2014 — $217 thousand. The effective interest rate for these notes is 7.87%. 

Includes decreases for unamortized discounts, as follows: March 31, 2015$920 thousand, December 31, 2014 — $970 thousand and March 31, 2014 — $1,112 thousand. The effective interest rate for these notes is 10.625%.

The effective interest rate for these notes is 7.75%.

The effective interest rate for these notes is 8.88%.

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

The effective interest rate for these notes is 4.65%. 

10 

Includes decreases for unamortized discounts, as follows: March 31, 2015 — $615 thousand, December 31, 2014 — $618 thousand and March 31, 2014 — $624 thousand. The effective interest rate for these notes is 8.05%.

11 

As of March 31, 2015,  we had initiated prepayment, or announced our intent to prepay; as such, this debt is classified as current maturities of long-term debt.

12 

Non-publicly traded debt.

13 

The 10.125% notes due 2015 are classified as long-term debt (not current maturities) as of March 31, 2015 due to our intent and ability to refinance these notes at maturity using our line of credit.