Debt Level 1 (Notes)

9 Months Ended

Sep. 30, 2012

Debt [Abstract]

Debt Disclosure [Text Block]

Debt

Debt as of September 30, 2012 and December 31, 2011 was as follows:

	September 30, 2012			December 31, 2011
	(In thousands)
7.875% Debentures due February 2013	$	4,757		$	4,757
7.375% Senior Notes due October 2014	180,692			180,692
6.75% Senior Notes due April 2015	136,465			136,465
6.75% Senior Notes due April 2016	197,377			197,377
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
Bank credit facility due March 2016	77,000			65,000
Obligations under capital leases	171,427			124,330
Mortgage notes and other debt, maturities through 2047	5,850			35,937
Unamortized pricing discounts and other	(4,445		)	(4,888		)
Total debt	1,914,123			1,884,670
Less current maturities	(31,289		)	(23,554		)
Total long-term debt	$	1,882,834		$	1,861,116

Current maturities of debt at September 30, 2012 were primarily comprised of our capital leases. Our consolidated debt had a weighted average interest rate of 6.54% and 6.69% at September 30, 2012 and December 31, 2011, respectively. Approximately 88% and 89% of our total debt had a fixed interest rate at September 30, 2012 and December 31, 2011, respectively.

Bank Credit Facility

The Company has a $500 million bank credit facility due March 2016 with a syndicate of banks, including a sublimit of $175 million for letters of credit.

As of September 30, 2012, we have $77.0 million outstanding cash advances under our bank credit facility and have used it to support $32.4 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, which was 0.35% for the third quarter. As of September 30, 2012, we have $390.6 million in borrowing capacity under the bank credit facility.

Debt Extinguishments and Reductions

During the nine months ended September 30, 2012, we paid an aggregate of $19.3 million to retire capital lease obligations with no associated gain or loss recognized on early extinguishment of this debt.

During the nine months ended September 30, 2011, we paid $17.2 million to retire capital lease obligations and $43.1 million to retire $22.3 million aggregate principal amount of our 6.75% Senior Notes due April 2015, $16.9 million aggregate principal amount of our 6.75% Senior Notes due April 2016, and $3.9 million aggregate principal amount of our 7.875% Debentures due February 2013. Certain of the above transactions resulted in the recognition of a loss of $3.5 million recorded in Losses on early extinguishment of debt, net in our unaudited condensed consolidated statement of operations.

Capital Leases

During the nine months ended September 30, 2012 and 2011, we acquired $67.0 million and $27.1 million, respectively, of primarily transportation equipment capital lease