DEBT (Tables)

12 Months Ended

Dec. 31, 2012

Debt Disclosure [Abstract]

Components of debt

The components of debt are as follows:

	December 31, 2012									December 31, 2011
	Principal			Unamortized Premium (Discount)			Total			Principal		Unamortized Premium (Discount)			Total
	(In Thousands)
Credit facility	$	65,000		$	—		$	65,000		$	105,000	$	—		$	105,000
7% senior subordinated notes due 2013	12			—			12			12		—			12
8½% senior notes due 2014	300,000			(3,277		)	296,723			600,000		(12,389		)	587,611
7¼% senior notes due 2019	1,000,000			365			1,000,365			1,000,000		421			1,000,421
7½% senior notes due 2020	500,000			—			500,000			—		—			—
Total debt	1,865,012			(2,912		)	1,862,100			1,705,012		(11,968		)	1,693,044
Less: current portion of long-term debt(1)	(12		)	—			(12		)	—		—			—
Long-term debt	$	1,865,000		$	(2,912	)	$	1,862,088		$	1,705,012	$	(11,968	)	$	1,693,044

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(1) Due in June 2013.

Schedule of 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 twelve-month period beginning on September 15 of the years indicated below:

2016	103.750	%
2017	101.875	%
2018 and thereafter	100.000	%

The 7¼% 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 twelve-month period beginning on June 15 of the years indicated below:

2012	103.625	%
2013	102.417	%
2014	101.208	%
2015 and thereafter	100.000	%

Schedule of maturities of long-term debt

Principal maturities of Forest’s debt at December 31, 2012 are as follows:

	Principal Maturities
	(In Thousands)
2013	$	12
2014	300,000
2015	—
2016	65,000
2017	—
Thereafter	1,500,000