DEBT (Tables)

9 Months Ended

Sep. 30, 2012

Debt Disclosure [Abstract]

Components of debt

The components of debt are as follows:

	September 30, 2012									December 31, 2011
	Principal			Unamortized Premium (Discount)			Total			Principal		Unamortized Premium (Discount)			Total
	(In Thousands)
Credit Facility	$	—		$	—		$	—		$	105,000	$	—		$	105,000
7% Senior Subordinated Notes due 2013	12			—			12			12		—			12
8½% Senior Notes due 2014(1)	600,000			(8,020		)	591,980			600,000		(12,389		)	587,611
7¼% Senior Notes due 2019	1,000,000			379			1,000,379			1,000,000		421			1,000,421
7½% Senior Notes due 2020	500,000			—			500,000			—		—			—
Total debt	$	2,100,012		$	(7,641	)	$	2,092,371		$	1,705,012	$	(11,968	)	$	1,693,044
Less: current portion of long-term debt(1)	(300,012		)	4,010			(296,002		)	—		—			—
Long-term debt	$	1,800,000		$	(3,631	)	$	1,796,369		$	1,705,012	$	(11,968	)	$	1,693,044

____________________________________________

(1) In September 2012, the Company irrevocably called $300.0 million (50% of the aggregate principal amount) of the 8½% senior notes due 2014 and redeemed those called notes in October 2012 at 110.24% of par, recognizing a loss of $36.3 million upon redemption.

Senior Notes, Expressed As Percentage Of Principal Amount Redeemed, by Redemption Date

The 7½% Notes are redeemable, at Forest’s option, at the prices set forth below, expressed as percentages of the principal amount redeemed, plus accrued but unpaid interest, if redeemed during the 12-month period beginning on or after September 15 of the years indicated below:

2016	103.75	%
2017	101.88	%
2018 and thereafter	100.00	%