DEBT (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Summary of Long-Term Debt Obligations

The carrying values of our long-term debt obligations, net of debt issuance costs of $20 million and $27 million, respectively, are as follows:

	December 31, 2015		December 31, 2014
	(In thousands)
Long-term debt consists of:
Senior Notes	$	491,890	$	490,354
Term Loan		289,979		291,424
North Ocean 105 Construction Financing		38,263		45,888
Amortizing Notes		21,205		33,258
Capital lease obligation		2,546		2,802
Other financing		-		743
		843,883		864,469
Less: Amounts due within one year		24,882		23,678
Total long-term debt	$	819,001	$	840,791

Maturities of Long-Term Debt During Five Years

Maturities of long-term debt during the five years subsequent to December 31, 2015 are as follows:

	(In thousands)
2016	$	28,062
2017		20,260
2018		11,606
2019		296,016
2020		8,170
Thereafter		499,997
Total Debt	$	864,111
Debt Issuance Costs		(20,228	)
Total Debt - Net of Issuance Costs	$	843,883

Summary of Redemption Prices Expressed as Percentage

At any time, or from time to time, on or after May 1, 2017, at our option, we may redeem the Notes, in whole or in part, at the redemption prices (expressed as percentages of principal amount of the Notes to be redeemed)set forth below, together with accrued and unpaid interest to the redemption date, if redeemed during the 12-month period beginning May 1 of the years indicated:

Year	Percentage
2017		104	%
2018		102	%
2019 and thereafter		100	%