Debt Level 1 (Notes)

6 Months Ended

Jun. 30, 2011

Debt [Abstract]

Debt Disclosure [Text Block]

Debt

Debt as of June 30, 2011 and December 31, 2010 was as follows:

	June 30, 2011			December 31, 2010
	(In thousands)
7.875% Debentures due February 2013	4,857			8,557
7.375% Senior Notes due October 2014	180,692			180,692
6.75% Senior Notes due April 2015	141,700			157,250
6.75% Senior Notes due April 2016	205,907			212,927
7.0% Senior Notes due June 2017	295,000			295,000
7.625% Senior Notes due October 2018	250,000			250,000
7.0% Senior Notes due May 2019	250,000			250,000
8.0% Senior Notes due November 2021	150,000			150,000
7.5% Senior Notes due April 2027	200,000			200,000
Obligations under capital leases	125,960			118,339
Mortgage notes and other debt, maturities through 2047	36,452			38,223
Unamortized pricing discounts and other	(4,974		)	(6,106		)
Total debt	1,835,594			1,854,882
Less current maturities	(23,392		)	(22,502		)
Total long-term debt	$	1,812,202		$	1,832,380

Current maturities of debt at June 30, 2011 were primarily comprised of our capital leases. Our consolidated debt had a weighted average interest rate of 6.79% at June 30, 2011 and 6.80% at December 31, 2010. Approximately 92% and 93% of our total debt had a fixed interest rate at June 30, 2011 and December 31, 2010, respectively.

Bank Credit Facility

As of December 31, 2010, we had a $400 million bank credit facility due November 2013 with a syndicate of financial institutions, including a sublimit of $175 million for letters of credit. In the first quarter of 2011, we amended our bank credit facility to increase the availability thereunder from $400 million to $500 million and extended the maturity to March 2016.

As of June 30, 2011, we have no outstanding cash advances under our bank credit facility and have used it to support $33.3 million of letters of credit. The bank credit facility provides us with flexibility for working capital, if needed, and is guaranteed by a majority of our domestic subsidiaries. The subsidiary guaranty is a guaranty of payment of the outstanding amount of the total lending commitment, including letters of credit. The bank credit facility contains certain financial covenants, including a minimum interest coverage ratio, a maximum leverage ratio, and certain dividend and share repurchase restrictions. We pay a quarterly fee on the unused commitment. As of June 30, 2011, we have $466.7 million in borrowing capacity under the bank credit facility.

Debt Extinguishments and Reductions

During the first half of 2011, we paid $28.1 million to retire $15.6 million  aggregate principal amount of our 6.75% Senior Notes due April 2015, $7.0 million aggregate principal amount of our 6.75% Senior Notes due April 2016, and $3.7 million aggregate principal amount of our 7.875% Senior Notes due February 2013. Certain of the above transactions resulted in the recognition of a $2.1 million loss recorded in Losses on early extinguishment of debt, net in our unaudited condensed consolidated statement of operations.

In the first half of 2010, we repaid $30.0 million of amounts drawn on our bank credit facility, $20.2 million aggregate principal amount of our 6.75% Senior Notes due April 2016, and $3.0 million aggregate principal amount of our 6.75% Senior Notes due April 2015. As a result of these transactions, we recognized a $0.3 million loss recorded in Losses on early extinguishment of debt, net in our unaudited condensed consolidated statement of operations.

Capital Leases

During the six months ended June 30, 2011 and 2010, we acquired $19.1 million and $11.7 million, respectively, of primarily transportation equipment using capital leases