XML 26 R14.htm IDEA: XBRL DOCUMENT
v3.19.2

Note 6 - Long-Term Debt | 6 Months Ended
--- | ---
Jun. 30, 2019
Notes to Financial Statements |
Long-term Debt [Text Block] | NOTE 6. LONG-TERM DEBT Long-term debt, net of current maturities and debt issuance costs, consists of the following:
|  | June 30, 2019 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Unamortized |  |  |  |  |
|  | Interest |  |  |  |  |  |  |  |  |  |  | Origination |  |  |  |  |
|  | Rates at |  |  | Outstanding |  |  | Unamortized |  |  | Fees and |  |  | Long-Term |
(In thousands) |  | June 30, 2019 |  |  | Principal |  |  | Discount |  |  | Costs |  |  | Debt, Net |
Bank credit facility |  |  | 4.610 | % |  | $ | 1,696,282 |  |  | $ | (1,098 | ) |  | $ | (18,786 | ) |  | $ | 1,676,398 |
6.875% senior notes due 2023 |  |  | 6.875 | % |  |  | 750,000 |  |  |  | — |  |  |  | (6,823 | ) |  |  | 743,177 |
6.375% senior notes due 2026 |  |  | 6.375 | % |  |  | 750,000 |  |  |  | — |  |  |  | (8,932 | ) |  |  | 741,068 |
6.000% senior notes due 2026 |  |  | 6.000 | % |  |  | 700,000 |  |  |  | — |  |  |  | (9,942 | ) |  |  | 690,058 |
Other |  |  | 11.029 | % |  |  | 58,505 |  |  |  | — |  |  |  | — |  |  |  | 58,505 |
Total long-term debt |  |  |  |  |  |  | 3,954,787 |  |  |  | (1,098 | ) |  |  | (44,483 | ) |  |  | 3,909,206 |
Less current maturities |  |  |  |  |  |  | 26,986 |  |  |  | — |  |  |  | — |  |  |  | 26,986 |
Long-term debt, net |  |  |  |  |  | $ | 3,927,801 |  |  | $ | (1,098 | ) |  | $ | (44,483 | ) |  | $ | 3,882,220 |
|  | December 31, 2018 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Unamortized |  |  |  |  |
|  | Interest |  |  |  |  |  |  |  |  |  |  | Origination |  |  |  |  |
|  | Rates at |  |  | Outstanding |  |  | Unamortized |  |  | Fees and |  |  | Long-Term |
(In thousands) |  | December 31, 2018 |  |  | Principal |  |  | Discount |  |  | Costs |  |  | Debt, Net |
Bank credit facility |  |  | 4.651 | % |  | $ | 1,771,330 |  |  | $ | (1,286 | ) |  | $ | (21,515 | ) |  | $ | 1,748,529 |
6.875% senior notes due 2023 |  |  | 6.875 | % |  |  | 750,000 |  |  |  | — |  |  |  | (7,701 | ) |  |  | 742,299 |
6.375% senior notes due 2026 |  |  | 6.375 | % |  |  | 750,000 |  |  |  | — |  |  |  | (9,594 | ) |  |  | 740,406 |
6.000% senior notes due 2026 |  |  | 6.000 | % |  |  | 700,000 |  |  |  | — |  |  |  | (10,639 | ) |  |  | 689,361 |
Other |  |  | 11.010 | % |  |  | 58,705 |  |  |  | — |  |  |  | — |  |  |  | 58,705 |
Total long-term debt |  |  |  |  |  |  | 4,030,035 |  |  |  | (1,286 | ) |  |  | (49,449 | ) |  |  | 3,979,300 |
Less current maturities |  |  |  |  |  |  | 24,181 |  |  |  | — |  |  |  | — |  |  |  | 24,181 |
Long-term debt, net |  |  |  |  |  | $ | 4,005,854 |  |  | $ | (1,286 | ) |  | $ | (49,449 | ) |  | $ | 3,955,119 |
The outstanding principal amounts under our existing bank credit facility are comprised of the following:
|  | June 30, |  |  | December 31, |
(In thousands) |  | 2019 |  |  | 2018 |
Revolving Credit Facility |  | $ | 320,000 |  |  | $ | 320,000 |
Term A Loan |  |  | 241,325 |  |  |  | 248,351 |
Refinancing Term B Loans |  |  | 1,096,357 |  |  |  | 1,152,679 |
Swing Loan |  |  | 38,600 |  |  |  | 50,300 |
Total outstanding principal amounts under the bank credit facility |  | $ | 1,696,282 |  |  | $ | 1,771,330 |
At June 30, 2019, approximately $1.7 billion was outstanding under the bank credit facility. With a total revolving credit commitment of $945.5 million available under the bank credit facility, $320.0 million was borrowed on the Revolving Credit Facility, $38.6 million was borrowed on the Swing Loan and $12.7 million allocated to support various letters of credit, leaving a remaining contractual availability of $574.2 million as of June 30, 2019. Covenant Compliance As of June 30, 2019, we believe that we were in compliance with the financial and other covenants of our debt instruments.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
Name: | us-gaap_LongTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration