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Long-Term Debt and Other Borrowing Arrangements (Tables)
12 Months Ended
Dec. 31, 2013
Debt Disclosure [Abstract]  
Carrying Values of Long-Term Debt and Other Borrowing Arrangements

The carrying values of our long-term debt and other borrowing arrangements were as follows:

 

     December 31,  
     2013     2012  
     (In thousands)  

Senior secured credit facility:

    

Variable rate term loan due 2017

   $ —        $ 247,714   

Revolving credit agreement due 2016

     —          198,270   
  

 

 

   

 

 

 

Total senior secured credit facility

     —          445,984   

Revolving credit agreement due 2018

     —          —     

Variable rate term loan due 2020

     248,775        —     

Senior subordinated notes:

    

5.5% Senior subordinated notes due 2022

     700,000        700,000   

5.5% Senior subordinated notes due 2023

     413,040        —     

9.25% Senior subordinated notes due 2019

     5,221        5,221   
  

 

 

   

 

 

 

Total senior subordinated notes

     1,118,261        705,221   
  

 

 

   

 

 

 

Total debt and other borrowing arrangements

     1,367,036        1,151,205   

Less current maturities of Term Loan

     (2,500     (15,678
  

 

 

   

 

 

 

Long-term debt

   $ 1,364,536      $ 1,135,527   
  

 

 

   

 

 

 
Schedule of Senior Subordinated Notes

The senior subordinated notes due 2019, 2022, and 2023 are redeemable after June 15, 2014, September 1, 2017, and April 15, 2018, respectively, at the following redemption prices as a percentage of the face amount of the notes:

 

Senior Subordinated Notes due  

2019

   

2022

   

2023

 

Year

   Percentage    

Year

   Percentage    

Year

   Percentage  

2014

     104.625   2017      102.750   2018      102.750

2015

     103.083   2018      101.833   2019      101.833

2016

     101.542   2019      100.917   2020      100.917

2017 and thereafter

     100.000   2020 and thereafter      100.000   2021 and thereafter      100.000
Maturities on Outstanding Long-Term Debt and Other Borrowings

Maturities on outstanding long-term debt and other borrowings during each of the five years subsequent to December 31, 2013 are as follows (in thousands):

 

2014

   $ 2,500   

2015

     2,500   

2016

     2,500   

2017

     2,500   

2018

     2,500   

Thereafter

     1,354,536   
  

 

 

 
   $ 1,367,036