DEBT (Tables)

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Summary of Long-Term Debt Obligations

The carrying values of our long-term debt obligations, net of debt issuance costs of $18 million and $20 million as of March 31, 2016 and December 31, 2015, respectively, are as follows:

	March 31, 2016		December 31, 2015
	(In thousands)
Senior Notes	$	492,306	$	491,890
Term Loan		289,771		289,979
North Ocean 105 Construction Financing		38,399		38,263
Amortizing Notes		18,005		21,205
Capital lease obligation		2,458		2,546
		840,939		843,883
Less: Amounts due within one year		25,298		24,882
Total long-term debt	$	815,641	$	819,001

Schedule Of Required Covenants Credit Agreement Compared To Actual Amounts

This change to our financial covenants was effective for the covenants tested as of March 31, 2016, and we were in compliance with these requirements, as shown below:

Ratios	Requirement	Actual
Minimum fixed charge coverage ratio	1.15x	2.75x
Maximum total leverage ratio	4.5x	2.50x
Maximum secured leverage ratio	2x	0.94x