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Debt Arrangements (Tables)
12 Months Ended
Dec. 31, 2013
Net Carrying Amount of Debt

The Company’s net carrying amount of debt is comprised of the following:

 

     December 31,  
     2013      2012  
     (000’s omitted)  

Senior Secured Notes

   $ 836,888       $ 600,000   

1.50% Convertible Notes

     323,418         —     

2.50% Convertible Notes

     267,013         254,718   

Ecko Note

     —           57,000   
  

 

 

    

 

 

 

Total

   $ 1,427,319       $ 911,718   
  

 

 

    

 

 

 
Company's Debt Maturities on Calendar Year Basis

As of December 31, 2013, the Company’s debt maturities on a calendar year basis are as follows:

 

      Total      2014      2015      2016      2017      2018      Thereafter  
     (000’s omitted)  

Senior Secured Notes

   $ 836,888       $ 61,250       $ 61,250       $ 61,250       $ 61,250       $ 61,250       $ 530,638   

1.50% Convertible Notes(1)

     323,418         —           —           —           —           323,418         —     

2.50% Convertible Notes(2)

     267,013         —           —           267,013         —           —           —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 1,427,319       $ 61,250       $ 61,250       $ 328,263       $ 61,250       $ 384,668       $ 530,638   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) Reflects the net debt carrying amount of the 1.50% Convertible Notes in the consolidated balance sheet as of December 31, 2013, in accordance with accounting for convertible notes. The principal amount owed to the holders of the 1.50% Convertible Notes is $400.0 million.

 

(2) Reflects the net debt carrying amount of the 2.50% Convertible Notes in the consolidated balance sheet as of December 31, 2013, in accordance with accounting for convertible notes. The principal amount owed to the holders of the 2.50% Convertible Notes is $300.0 million.
1.50% Convertible Notes
 
Details of Convertible Notes Reflected on Consolidated Balance Sheet

As of December 31, 2013 the amount of the 1.50% Convertible Notes accounted for as a liability was approximately $323.4 million and is reflected on the consolidated balance sheet as follows:

 

     December 31, 2013  
     (000’s omitted)  

Equity component carrying amount

   $ 49,931   

Unamortized discount

     76,582   

Net debt carrying amount

   $ 323,418   
2.50% Convertible Notes
 
Details of Convertible Notes Reflected on Consolidated Balance Sheet

As of December 31, 2013 and December 31, 2012, the amount of the 2.50% Convertible Notes accounted for as a liability was approximately $267.0 million and $254.7 million, respectively, and is reflected on the consolidated balance sheet as follows:

 

     December 31,  
     2013      2012  
     (000’s omitted)  

Equity component carrying amount

   $ 35,996       $ 35,996   

Unamortized discount

     32,987         45,282   

Net debt carrying amount

   $ 267,013       $ 254,718