Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.10.0.1
Debt (Tables)
 12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Schedule of Debt
Debt is summarized as follows:
 
 
Outstanding
 
 
 
    
Principal
 
Carrying Value
 
 
December 31,
 
December 31,
 
December 31,
 
 
2018
 
2018
 
2017
 
 
amounts in thousands
Margin Loan Facility
 
$
900,000

 
900,000

 
—

Exchangeable senior debentures
 
477,250

 
462,336

 
NA

Senior notes
 
775,000

 
803,287

 
NA

Senior credit facility
 
715,124

 
715,124

 
NA

Wells Fargo note payable
 
7,554

 
7,554

 
NA

Deferred financing costs
 
—

 
(2,267
)
 
—

Total debt
 
$
2,874,928

 
2,886,034

 
—

Debt classified as current, net of deferred financing costs
 
 
 
(900,759
)
 
—

Total long-term debt
 
 
 
$
1,985,275

 
—

Schedule of Maturities of Long-term Debt
The annual principal maturities of debt, based on stated maturity dates, for each of the next five years is as follows (amounts in thousands):
2019
$
902,934

2020
713,163

2021
325,524

2022
549

2023
477,825

2024 and thereafter
454,933

Total debt
$
2,874,928



Fair Value of Debt

The fair value of the Senior Notes was $763.9 million at December 31, 2018.

Due to the variable rate nature of the Margin Loan, Senior Credit Facility and Wells Fargo Note Payable, the Company believes that the carrying amount approximates fair value at December 31, 2018.