XML 28 R52.htm IDEA: XBRL DOCUMENT v3.2.0.727
DEBT (Narrative) (Details)
1 Months Ended 3 Months Ended 6 Months Ended
Oct. 31, 2016
Apr. 30, 2015
USD ($)
Mar. 31, 2015
USD ($)
Mar. 31, 2014
USD ($)
Jun. 30, 2015
USD ($)
Mar. 31, 2015
USD ($)
Mar. 31, 2014
USD ($)
Jun. 30, 2015
USD ($)
Jun. 30, 2014
USD ($)
Dec. 31, 2014
USD ($)
Jun. 30, 2011
USD ($)
Debt Instrument [Line Items]                      
Interest Expense, Long-term Debt               $ 2,067,000      
Debt purchased, amount       $ 506,366,000     $ 506,366,000        
Total consideration paid for debt       579,659,000 $ 385,024,000     676,445,000 $ 579,694,000    
Premium paid for purchase of debt       $ 71,829,000 41,153,000   71,829,000 41,153,000      
Transaction cost related to termination of debt         52,000   1,464,000        
Other cost (benefit) related to debt purchase         4,136,000   (344,000)        
Cost of debt purchase         45,341,000   $ 72,949,000 $ 67,075,000 72,949,000    
Debt to EBITDA ratio               3.5      
EBITDA to net cash interest expense ratio               3.0      
Short-term debt (line of credit)         138,500,000     $ 138,500,000 0 $ 0  
Long term debt [1]         $ 1,907,861,000     $ 1,907,861,000 1,983,477,000 1,984,779,000  
4.50% notes due 2025 [Member]                      
Debt Instrument [Line Items]                      
Debt issued, amount     $ 400,000,000     $ 400,000,000          
Interest rate     4.50%   4.50% 4.50%   4.50%      
Debt issued, net proceeds     $ 395,207,000                
Maturity year           2025   2025      
Long term debt         $ 400,000,000     $ 400,000,000 0 0  
7.00% notes due 2018 [Member]                      
Debt Instrument [Line Items]                      
Interest rate   7.00%     7.00%     7.00%      
Maturity year   2018       2018   2018      
Debt purchased, amount   $ 185,000 127,303,000     $ 127,303,000          
Total consideration paid for debt     145,899,000                
Premium paid for purchase of debt     18,140,000     18,140,000          
Transaction cost related to termination of debt     456,000                
Other cost (benefit) related to debt purchase     $ 3,138,000                
Cost of debt purchase           $ 21,734,000          
Long term debt         $ 272,512,000     $ 272,512,000 400,000,000 400,000,000  
Principal amount, percentage               32.00%      
6.40% notes due 2017 [Member]                      
Debt Instrument [Line Items]                      
Interest rate   6.40%   6.40% 6.40%   6.40% 6.40%      
Maturity year   2017         2017 2017      
Debt purchased, amount   $ 218,633,000   $ 131,367,000     $ 131,367,000        
Long term debt         $ 0     $ 0 218,633,000 218,633,000  
Principal amount, percentage               100.00%      
6.50% notes due 2016 [Member]                      
Debt Instrument [Line Items]                      
Debt issued, amount                     $ 500,000,000
Interest rate   6.50%   6.50% 6.50%   6.50% 6.50%     6.50%
Debt purchased, redemption date               Apr. 01, 2015      
Maturity year   2016         2016 2016      
Debt purchased, amount   $ 125,001,000   $ 374,999,000     $ 374,999,000        
Long term debt         $ 0     $ 0 125,001,000 125,001,000  
Principal amount, percentage               100.00%      
8.85% notes due 2021 [Member]                      
Debt Instrument [Line Items]                      
Interest rate         8.85%     8.85%      
Maturity year               2021      
Long term debt         $ 6,000,000     $ 6,000,000 6,000,000 6,000,000  
10.125% notes due 2015 [Member]                      
Debt Instrument [Line Items]                      
Interest rate         10.125%     10.125%     10.125%
Maturity year               2015      
Long term debt [2]         $ 150,000,000     $ 150,000,000 150,000,000 150,000,000  
Other Notes                      
Debt Instrument [Line Items]                      
Long term debt [3]         613,000     $ 613,000 769,000 637,000  
Standby Letters of Credit [Member]                      
Debt Instrument [Line Items]                      
Applicable margin on borrowing rate               0.175%      
Commitment fee               0.25%      
Scenario, Forecast [Member]                      
Debt Instrument [Line Items]                      
Debt to EBITDA ratio 3.25                    
Minimum [Member] | Standby Letters of Credit [Member]                      
Debt Instrument [Line Items]                      
Commitment fee               0.10%      
Maximum [Member] | Standby Letters of Credit [Member]                      
Debt Instrument [Line Items]                      
Commitment fee               0.35%      
Industrial revenue bonds [Member]                      
Debt Instrument [Line Items]                      
Maturity year               2022      
Long term debt [4]         14,000,000     $ 14,000,000 14,000,000 14,000,000  
Subsequent Event [Member] | 6.40% notes due 2017 [Member]                      
Debt Instrument [Line Items]                      
Debt purchased, redemption date               Apr. 01, 2015      
Bank line of Credit [Member]                      
Debt Instrument [Line Items]                      
Facility expiration date               Jun. 01, 2020      
Borrowing capacity         558,281,000     $ 558,281,000      
Line Of Credit Facility Maximum Borrowing Capacity         750,000,000     750,000,000      
Short-term debt (line of credit) [5]         138,500,000     $ 138,500,000 $ 0 $ 0  
Applicable margin on borrowing rate               1.75%      
Bank line of Credit [Member] | Cancelled line of Credit [Member]                      
Debt Instrument [Line Items]                      
Line Of Credit Facility Maximum Borrowing Capacity         500,000,000     $ 500,000,000      
Bank line of Credit [Member] | New line of Credit [Member]                      
Debt Instrument [Line Items]                      
Line Of Credit Facility Maximum Borrowing Capacity         $ 750,000,000     $ 750,000,000      
Bank line of Credit [Member] | SunTrust Bank [Member]                      
Debt Instrument [Line Items]                      
Applicable margin on borrowing rate               0.75%      
Bank line of Credit [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]                      
Debt Instrument [Line Items]                      
Applicable margin on borrowing rate               1.00%      
Bank line of Credit [Member] | Minimum [Member] | SunTrust Bank [Member]                      
Debt Instrument [Line Items]                      
Applicable margin on borrowing rate               0.00%      
Bank line of Credit [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]                      
Debt Instrument [Line Items]                      
Applicable margin on borrowing rate               2.00%      
Bank line of Credit [Member] | Maximum [Member] | SunTrust Bank [Member]                      
Debt Instrument [Line Items]                      
Applicable margin on borrowing rate               1.00%      
[1] The debt balances as of December 31, 2014 and June 30, 2014 have been adjusted to reflect our early adoption of ASU 2015-03 and related election as disclosed in Note 17.
[2] The 10.125% notes due 2015 are classified as long-term debt (not current maturities) as of June 30, 2015 due to our intent and ability to refinance these notes at maturity using our line of credit.
[3] Non-publicly traded debt.
[4] As of June 30, 2015, we had initiated prepayment; as such, this debt is classified as current maturities of long-term debt.
[5] Borrowings are shown as short-term due to our intent to repay within twelve months. The effective interest rate reflects the margin added to LIBOR for LIBOR-based borrowings. We also pay fees for unused borrowing capacity and standby letters of credit.