FINANCING ARRANGEMENTS (Tables)

12 Months Ended

Dec. 31, 2015

Financing arrangements

Summary of The Entity's Financial Arrangements

The following table is a summary of the Company's financing arrangements (in thousands):

	December 31, 2015			December 31, 2014
Senior unsecured notes, at 5.25%, due August 1, 2020	$	800,000		$	800,000
Senior unsecured notes, at 5.125%, due June 1, 2021	595,000			595,000
Long-term obligations, at par	$	1,395,000		$	1,395,000
Unamortized debt issuance costs	$	(12,457	)	$	(14,855	)
Long-term obligations, at carrying value	$	1,382,543		$	1,380,145

Senior unsecured notes, at 5.25%, due August 1, 2020

Financing arrangements

Schedule of Redemption Prices Expressed as Percentages of the Principal Amount

The Company may redeem some or all of the 2020 Notes at any time on or after August 1, 2016 upon proper notice, at the following redemption prices plus unpaid interest:

Year	Percentage
2016	102.625	%
2017	101.313	%
2018 and thereafter	100.000	%

Senior unsecured notes, at 5.125%, due June 1, 2021

Financing arrangements

Schedule of Redemption Prices Expressed as Percentages of the Principal Amount

The Company may redeem some or all of the 2021 Notes at any time on or after December 1, 2016 upon proper notice, at the following redemption prices plus unpaid interest: .  

Year	Percentage
2016	102.563	%
2017	101.281	%
2018 and thereafter	100.000	%