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Long-Term Debt and Other Borrowing Arrangements (Tables)
12 Months Ended
Dec. 31, 2015
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,  
     2015      2014  
     (In thousands)  

Revolving credit agreement due 2018

   $ 50,000       $ —     

Variable rate term loan due 2020

     243,965         246,375   

Senior subordinated notes:

     

5.25% Senior subordinated notes due 2024

     200,000         200,000   

5.50% Senior subordinated notes due 2023

     553,835         616,326   

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

     1,459,056         1,521,547   
  

 

 

    

 

 

 

Total gross debt and other borrowing arrangements

     1,753,021         1,767,922   

Less unamortized debt issuance costs

     (25,239      (28,468
  

 

 

    

 

 

 

Total net debt and other borrowing arrangements

     1,727,782         1,739,454   

Less current maturities of Term Loan

     (2,500      (2,500
  

 

 

    

 

 

 

Long-term debt

   $ 1,725,282       $ 1,736,954   
  

 

 

    

 

 

 

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  

2016

     101.542   2017      102.750   2018      102.750   2019      102.625

2017 and thereafter

     100.000   2018      101.833   2019      101.833   2020      101.750
     2019      100.917   2020      100.917   2021      100.875
     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, 2015 are as follows (in thousands):

 

2016

   $ 2,500   

2017

     2,500   

2018

     52,500   

2019

     7,721   

2020

     233,965   

Thereafter

     1,453,835   
  

 

 

 
   $ 1,753,021