Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v2.4.1.9
Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2014
Long-term Debt, Unclassified [Abstract]  
Break-Down of Long-Term Debt
Long-term debt consisted of the following items as of December 31, 2014 and 2013:
 
December 31,
 
2014
 
2013
 
(In thousands)
Revolving credit agreement (1)
$
100,000

 
$
—

Building loans (2)
1,826

 
1,995

7.75% senior unsecured notes due 2020 (3)
600,000

 
300,000

Unamortized original issue premium (discount), net (4)
14,658

 
(2,808
)
Less: current maturities of long term debt
(168
)
 
(159
)
Debt reflected as long term
$
716,316

 
$
299,028

Maturities of Long-term Debt
Maturities of long-term debt (excluding premiums and discounts) as of December 31, 2014 are as follows:
 
(In thousands)

2015
$
168

2016
1,658

2017
—

2018
100,000

2019
—

Thereafter
600,000

Total
$
701,826

Schedule of Interest
The following schedule shows the components of interest expense at December 31, 2014, 2013 and 2012:
 
December 31,
 
2014
 
2013
 
2012
 
(In thousands)
Cash paid for interest
$
28,646

 
$
24,270

 
$
1,404

Change in accrued interest
3,875

 
(969
)
 
4,155

Write-off of deferred loan costs
—

 
—

 
1,143

Capitalized interest
(9,687
)
 
(7,132
)
 
—

Amortization of loan costs
1,685

 
1,012

 
640

Amortization of note discount and premium
(533
)
 
298

 
59

Other
—

 
11

 
57

Total interest expense
$
23,986

 
$
17,490

 
$
7,458