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Debt (Notes) | 9 Months Ended
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Sep. 30, 2015
Debt [Abstract] |
Debt Disclosure | Debt Debt as of September 30, 2015 and December 31, 2014 was as follows:
| September 30, 2015 |  | December 31, 2014
| (In thousands)
6.75% Senior Notes due April 2016 | $ | — |  |  | $ | 197,377 |
7.0% Senior Notes due June 2017 | 295,000 |  |  | 295,000 |
7.625% Senior Notes due October 2018 | 250,000 |  |  | 250,000 |
4.5% Senior Notes due November 2020 | 200,000 |  |  | 200,000 |
8.0% Senior Notes due November 2021 | 150,000 |  |  | 150,000 |
5.375% Senior Notes due January 2022 | 425,000 |  |  | 425,000 |
5.375% Senior Notes due May 2024 | 850,000 |  |  | 550,000 |
7.5% Senior Notes due April 2027 | 200,000 |  |  | 200,000 |
Term Loan due July 2018 | 325,000 |  |  | 370,000 |
Bank Credit Facility due July 2018 | 225,000 |  |  | 235,000 |
Obligations under capital leases | 208,613 |  |  | 181,002 |
Mortgage notes and other debt, maturities through 2050 | 4,087 |  |  | 4,251 |
Unamortized premiums (discounts), net | 8,759 |  |  | (2,905 | )
Total debt | 3,141,459 |  |  | 3,054,725 |
Less: Current maturities of long-term debt | (95,045 | ) |  | (90,931 | )
Total long-term debt | $ | 3,046,414 |  |  | $ | 2,963,794 |
Current maturities of debt at September 30, 2015 include amounts due under our Term Loan, mortgage notes and other debt, and capital leases within the next year. Our consolidated debt had a weighted average interest rate of 5.15% and 5.21% at September 30, 2015 and December 31, 2014, respectively. Approximately 76% and 75% of our total debt had a fixed interest rate at September 30, 2015 and December 31, 2014, respectively. Bank Credit Facility The Company has a $500.0 million bank credit facility due July 2018 with a syndicate of banks, including a sublimit of $175.0 million for letters of credit. As of September 30, 2015, we have $225.0 million of outstanding borrowings under our Bank Credit Facility and have issued $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, which was 0.35% at September 30, 2015. As of September 30, 2015, we have $241.7 million in borrowing capacity under the bank credit facility. Debt Issuances and Additions In August 2015, we issued an additional $300.0 million to our existing unsecured 5.375% Senior Notes Due May 2024. This issuance generated a premium of $11.3 million. We used the net proceeds from this offering to redeem all of our outstanding 6.75% Senior Notes due April 2016 and to repay $100.0 million of outstanding borrowings under our Bank Credit Facility. During 2015, we drew $90.0 million on our Bank Credit Facility, which was used to make required payments on our Term Loan and for general corporate purposes. In May 2014, we issued $550.0 million of unsecured 5.375% Senior Notes due May 2024. We used the net proceeds from this offering, along with a $95.0 million draw on our bank credit facility, to repay our 6.75% Senior Notes due April 2015,6.5% Senior Notes due April 2019, and 7.0% Senior Notes due May 2019 along with associated refinancing costs. The newly issued notes are subject to the provisions of the Company's Senior Indenture dated as of February 1, 1993, as amended, which includes covenants limiting, among other things, the creation of liens securing indebtedness and sale-leaseback transactions. In February 2014, we drew $110.0 million on our bank credit facility, which we used along with cash on hand to repay our 3.125% Senior Convertible Notes July 2014 and our 3.375% Senior Convertible Notes due July 2016. Debt Extinguishments and Reductions During the nine months ended September 30, 2015, we made debt payments of $342.5 million for scheduled and early extinguishment payments including:
• | $197.4 million in aggregate principal of our 6.75% Senior Notes due April 2016;
• | $100.0 million in aggregate principal of our Bank Credit Facility; and
• | $45.0 million in aggregate principal of our Term Loan due July 2018.
Certain of the above transactions resulted in the recognition of a loss of $6.9 million recorded in Loss on early extinguishment of debt in our unaudited condensed consolidated statement of operations. During the nine months ended September 30, 2014, we made debt payments of $985.8 million for scheduled and early extinguishment payments including: •$222.5 million in aggregate principal of our Term Loan due July 2018; •$250.0 million in aggregate principal of our 7.0% Senior Notes due May 2019;
• | $200.0 million in aggregate principal and $9.1 million in unamortized premiums of our 6.5% Senior Notes due April 2019;
• | $136.5 million in aggregate principal of our 6.75% Senior Notes due April 2015;
• | $86.4 million in aggregate principal and $21.7 million in unamortized premiums of our 3.125% Senior Convertible Notes due 2014; and
• | $45.0 million in aggregate principal and $14.2 million in unamortized premiums of our 3.375% Senior Convertible Notes due 2016.
Certain of the above transactions resulted in the recognition of a loss of $29.2 million recorded in Loss on early extinguishment of debt in our unaudited condensed consolidated statement of operations. Capital Leases During the nine months ended September 30, 2015 and 2014, we acquired $51.3 million and $30.8 million, respectively, of capital leases, primarily related to transportation equipment. We made aggregate principal payments of $20.4 million and $22.0 million on our capital lease obligations for the nine months ended September 30, 2015 and 2014, respectively.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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