DEBT (Tables)

9 Months Ended

Sep. 30, 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 $16 million and $20 million as of September 30, 2016 and December 31, 2015, respectively, are as follows:

	September 30, 2016		December 31, 2015
	(In thousands)
Senior Notes	$	493,076	$	491,890
Term Loan		212,217		289,979
North Ocean 105 Construction Financing		35,361		38,263
Amortizing Notes		11,368		21,205
Capital lease obligation		2,370		2,546
		754,392		843,883
Less: Amounts due within one year		50,046		24,882
Total long-term debt	$	704,346	$	819,001

Schedule Of Required Covenants Credit Agreement Compared To Actual Amounts

We were in compliance with our financial covenants as of September 30, 2016, as shown below:

Ratios	Requirement	Actual
Minimum fixed charge coverage ratio	1.15x	2.86x
Maximum total leverage ratio	4.5x	2.15x
Maximum secured leverage ratio	2x	0.66x