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Long-Term Debt and Other Borrowing Arrangements (Tables)
12 Months Ended
Dec. 31, 2014
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,  
     2014      2013  
     (In thousands)  

Revolving credit agreement due 2018

   $ —         $ —     

Variable rate term loan due 2020

     246,375         248,775   

Senior subordinated notes:

     

5.25% Senior subordinated notes due 2024

     200,000         —     

5.50% Senior subordinated notes due 2023

     616,326         413,040   

5.50% Senior subordinated notes due 2022

     700,000         700,000   

9.25% Senior subordinated notes due 2019

     5,221         5,221   
  

 

 

    

 

 

 

Total senior subordinated notes

  1,521,547      1,118,261   
  

 

 

    

 

 

 

Total debt and other borrowing arrangements

  1,767,922      1,367,036   

Less current maturities of Term Loan

  (2,500   (2,500
  

 

 

    

 

 

 

Long-term debt

$ 1,765,422    $ 1,364,536   
  

 

 

    

 

 

 

Schedule of Senior Subordinated Notes

 the following redemption prices as a percentage of the face amount of the notes:

 

Senior Subordinated Notes due  

2019

    2022     2023     2024  

Year

   Percentage     Year    Percentage     Year    Percentage     Year    Percentage  

2014

     104.625   2017      102.750   2018      102.750   2019      102.625

2015

     103.083   2018      101.833   2019      101.833   2020      101.750

2016

     101.542   2019      100.917   2020      100.917   2021      100.875

2017 and thereafter

     100.000   2020 and thereafter      100.000   2021 and thereafter      100.000   2022 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, 2014 are as follows (in thousands):

 

2015

$ 2,500   

2016

  2,500   

2017

  2,500   

2018

  2,500   

2019

  7,721   

Thereafter

  1,750,201   
  

 

 

 
$ 1,767,922