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Indebtedness (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Debt Outstanding

We had the following debt outstanding as of the dates shown below (in thousands) (bank debt interest rate at December 31, 2019 is shown parenthetically). The expenses of issuing debt are capitalized and included as a reduction to debt in the accompanying consolidated balance sheets. These costs are amortized over the expected life of the related instruments. When debt is retired before maturity, or modifications significantly change the cash flows, the related unamortized costs are expensed. No interest was capitalized during 2019, 2018, and 2017.

 

 

December 31,

2019

 

 

 

December 31,

2018

 

Bank debt (3.0%)

$

477,000

 

 

$

943,000

 

Senior notes

 

 

 

 

 

 

 

4.875% senior notes due 2025

 

750,000

 

 

 

750,000

 

5.00% senior notes due 2023

 

741,531

 

 

 

741,531

 

5.00% senior notes due 2022

 

511,886

 

 

 

580,032

 

5.75% senior notes due 2021

 

374,139

 

 

 

475,952

 

5.875% senior notes due 2022

 

297,617

 

 

 

329,244

 

Other senior notes due 2022

 

590

 

 

 

590

 

Total senior notes

 

2,675,763

 

 

 

2,877,349

 

Senior subordinated notes

 

 

 

 

 

 

 

5.00% senior subordinated notes due 2023

 

7,712

 

 

 

7,712

 

5.00% senior subordinated notes due 2022

 

19,054

 

 

 

19,054

 

5.75% senior subordinated notes due 2021

 

22,214

 

 

 

22,214

 

Total senior subordinated notes

 

48,980

 

 

 

48,980

 

Total debt

 

3,201,743

 

 

 

3,869,329

 

Unamortized premium

 

3,013

 

 

 

4,741

 

Unamortized debt issuance costs

 

(31,819

)

 

 

(37,209

)

Total debt (net of debt issuance costs)

$

3,172,937

 

 

$

3,836,861

 

Schedule for Long-Term Debt Outstanding

The following is the principal maturity schedule for our long-term debt outstanding as of December 31, 2019 (in thousands):

 

Year Ended
December 31,

 

2020

$

 

2021

 

396,353

 

2022

 

829,147

 

2023

 

1,226,243

 

2024

 

 

Thereafter

 

750,000

 

 

$

3,201,743