FINANCING ARRANGEMENTS (Tables)

12 Months Ended

Dec. 31, 2012

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, 2012		December 31, 2011
Senior unsecured notes, at 5.25%, due August 1, 2020	$	800,000	$	—
Senior unsecured notes, at 5.125%, due June 1, 2021	600,000		—
Senior secured notes, at 7.625%, due August 15, 2016	—		520,000
Revolving credit facility, due May 31, 2016	—		—
Unamortized notes premium and discount, net	—		4,203
Long-term obligations	$	1,400,000	$	524,203

Unsecured Senior Notes 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 not less than 30 nor more than 60 days' notice, at the following redemption prices (expressed as percentages of the principal amount) if redeemed during the twelve-month period commencing on August 1 of the year set forth below, plus, in each case, accrued and unpaid interest, if any, to the date of redemption:

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

Unsecured Senior Notes 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 the following redemption prices (expressed as percentages of the principal amount) if redeemed.  

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