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Debt and Credit Agreements (Tables)
12 Months Ended
Dec. 31, 2013
Debt and Credit Agreements  
Company's Long-Term Debt and credit agreements Components

 

 

 
  December 31,  
(In thousands)
  2013   2012  

Long-Term Debt

             

7.33% weighted-average fixed rate notes

  $ 20,000   $ 95,000  

6.51% weighted-average fixed rate notes

    425,000     425,000  

9.78% notes

    67,000     67,000  

5.58% weighted-average fixed rate notes

    175,000     175,000  

Credit facility

    460,000     325,000  

Current Maturities

             

7.33% weighted-average fixed rate notes

        (75,000 )
           

Long-Term Debt, excluding Current Maturities

  $ 1,147,000   $ 1,012,000  
           
           
7.33% Weighted Average Fixed Rate Notes
 
Debt  
Schedule of long-term debt instruments by issued tranche

 

 

 
  Principal   Term   Maturity
Date
  Coupon  

Tranche 1

  $ 75,000,000   10-year     July 2011     7.26%  

Tranche 2

  $ 75,000,000   12-year     July 2013     7.36%  

Tranche 3

  $ 20,000,000   15-year     July 2016     7.46%  
6.51% Weighted Average Fixed Rate Notes
 
Debt  
Schedule of long-term debt instruments by issued tranche

 

 

 
  Principal   Term   Maturity
Date
  Coupon  

Tranche 1

  $ 245,000,000   10-year     July 2018     6.44%  

Tranche 2

  $ 100,000,000   12-year     July 2020     6.54%  

Tranche 3

  $ 80,000,000   15-year     July 2023     6.69%  
5.58% Weighted Average Fixed Rate Notes
 
Debt  
Schedule of long-term debt instruments by issued tranche

 

 

 
  Principal   Term   Maturity
Date
  Coupon  

Tranche 1

  $ 88,000,000   10-year   January 2021     5.42%  

Tranche 2

  $ 25,000,000   12-year   January 2023     5.59%  

Tranche 3

  $ 62,000,000   15-year   January 2026     5.80%  
Revolving Credit Facility
 
Debt  
Schedule of changes in the basis spread on LIBOR and Prime rates for changes in the percentage of total indebtedness to the borrowing base

 

 

 
  Debt Percentage  
 
  <25%   ³25% <50%   ³50% <75%   ³75% <90%   ³90%  

Eurodollar loans

    1.50%     1.75%     2.00%     2.25%     2.50%  

ABR loans

    0.50%     0.75%     1.00%     1.25%     1.50%