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Long-term Debt
3 Months Ended
Jun. 30, 2011
Notes To Condensed Consolidated Financial Statements [Abstract]  
Long-term Debt

6. Long-term Debt

 

There have been no significant changes to long-term debt since December 31, 2010.

 

In April 2011, we entered into two interest rate swap agreements with an aggregate notional value of $450 million to effectively convert the fixed rate interest payments on our $450 million 4.875% notes due in 2014 into variable rates. Under the terms of these agreements, we pay a weighted-average variable rate based on three month LIBOR plus 305 basis points and receive fixed rate payments of 4.875%.