DEBT (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Summary of Long-Term Debt Obligations

As of December 31, 2017 and 2016 the carrying values of our long-term debt obligations, net of unamortized debt issuance costs of $5 million and $14 million, respectively, are as follows:

	December 31,
	2017		2016
	(In thousands)
Senior Notes	$	495,000	$	493,461
North Ocean 105 construction financing		24,511		31,877
Vendor equipment financing		15,686		-
Term Loan		-		212,070
Amortizing Notes		-		7,932
Other, including capital lease obligations		1,780		7,180
		536,977		752,520
Less: Amounts due within one year		24,264		48,125
Total long-term debt	$	512,713	$	704,395

Scheduled Maturities of Long-Term Debt During Five Years

Scheduled maturities of long-term debt subsequent to December 31, 2017 are as follows:

	(In thousands)
2018	$	24,291
2019		9,516
2020		8,170
2021		500,000
Total Debt		541,977
Debt Issuance Costs		(5,000	)
Total Debt - Net of Issuance Costs	$	536,977

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 Senior Notes, in whole or in part, at the redemption prices (expressed as percentages of principal amount of the Senior 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