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Note 5 - Long-term Debt | 3 Months Ended
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Mar. 31, 2020
Notes to Financial Statements |
Long-term Debt [Text Block] | NOTE 5. LONG-TERM DEBT Long-term debt, net of current maturities and debt issuance costs, consists of the following:
|  | March 31, 2020 |
|  |  |  |  |  |  |  |  |  |  |  |  | Unamortized |  |  |  |  |
|  | Interest |  |  |  |  |  |  |  |  |  |  | Origination |  |  |  |  |
|  | Rates at |  |  | Outstanding |  |  | Unamortized |  |  | Fees and |  |  | Long-Term |
(In thousands) |  | March 31, 2020 |  |  | Principal |  |  | Discount |  |  | Costs |  |  | Debt, Net |
Bank credit facility |  | 2.765 | % |  | $ | 1,932,560 |  |  | $ | (608 | ) |  | $ | (13,145 | ) |  | $ | 1,918,807 |
6.375% senior notes due 2026 |  | 6.375 | % |  |  | 750,000 |  |  |  | — |  |  |  | (7,940 | ) |  |  | 742,060 |
6.000% senior notes due 2026 |  | 6.000 | % |  |  | 700,000 |  |  |  | — |  |  |  | (8,895 | ) |  |  | 691,105 |
4.750% senior notes due 2027 |  | 4.750 | % |  |  | 1,000,000 |  |  |  | — |  |  |  | (15,097 | ) |  |  | 984,903 |
Other |  | 11.148 | % |  |  | 58,222 |  |  |  | — |  |  |  | — |  |  |  | 58,222 |
Total long-term debt |  |  |  |  |  | 4,440,782 |  |  |  | (608 | ) |  |  | (45,077 | ) |  |  | 4,395,097 |
Less current maturities |  |  |  |  |  | 27,000 |  |  |  | — |  |  |  | — |  |  |  | 27,000 |
Long-term debt, net |  |  |  |  | $ | 4,413,782 |  |  | $ | (608 | ) |  | $ | (45,077 | ) |  | $ | 4,368,097 |
|  | December 31, 2019 |
|  |  |  |  |  |  |  |  |  |  |  |  | Unamortized |  |  |  |  |
|  | Interest |  |  |  |  |  |  |  |  |  |  | Origination |  |  |  |  |
|  | Rates at |  |  | Outstanding |  |  | Unamortized |  |  | Fees and |  |  | Long-Term |
(In thousands) |  | December 31, 2019 |  |  | Principal |  |  | Discount |  |  | Costs |  |  | Debt, Net |
Bank credit facility |  | 3.753 | % |  | $ | 1,305,634 |  |  | $ | (671 | ) |  | $ | (14,255 | ) |  | $ | 1,290,708 |
6.375% senior notes due 2026 |  | 6.375 | % |  |  | 750,000 |  |  |  | — |  |  |  | (8,271 | ) |  |  | 741,729 |
6.000% senior notes due 2026 |  | 6.000 | % |  |  | 700,000 |  |  |  | — |  |  |  | (9,244 | ) |  |  | 690,756 |
4.750% senior notes due 2027 |  | 4.750 | % |  |  | 1,000,000 |  |  |  | — |  |  |  | (15,584 | ) |  |  | 984,416 |
Other |  | 11.138 | % |  |  | 58,322 |  |  |  | — |  |  |  | — |  |  |  | 58,322 |
Total long-term debt |  |  |  |  |  | 3,813,956 |  |  |  | (671 | ) |  |  | (47,354 | ) |  |  | 3,765,931 |
Less current maturities |  |  |  |  |  | 26,994 |  |  |  | — |  |  |  | — |  |  |  | 26,994 |
Long-term debt, net |  |  |  |  | $ | 3,786,962 |  |  | $ | (671 | ) |  | $ | (47,354 | ) |  | $ | 3,738,937 |
The outstanding principal amounts under our bank credit facility are comprised of the following:
|  | March 31, |  |  | December 31, |
(In thousands) |  | 2020 |  |  | 2019 |
Revolving Credit Facility |  | $ | 865,000 |  |  | $ | 235,000 |
Term A Loan |  |  | 230,787 |  |  |  | 234,300 |
Refinancing Term B Loans |  |  | 771,873 |  |  |  | 795,034 |
Swing Loan |  |  | 64,900 |  |  |  | 41,300 |
Total outstanding principal amounts under the bank credit facility |  | $ | 1,932,560 |  |  | $ | 1,305,634 |
With a total revolving credit commitment of $945.5 million available under the bank credit facility, $865.0 million was borrowed on the Revolving Credit Facility, $64.9 million was borrowed on the Swing Loan and $12.6 million allocated to support various letters of credit, leaving a remaining contractual availability of $3.0 million as of March 31, 2020. As a precautionary measure to increase liquidity during the uncertainty of COVID-19, the Company increased the borrowings on its Revolving Credit Facility by $670.0 million on March 16, 2020. See Note 12, Subsequent Events, for a discussion of an amendment to our bank credit facility. Covenant Compliance As of March 31, 2020, we believe that we were in compliance with the financial and other covenants of our debt instruments.

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