Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v2.4.0.6
Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2012
Summary of Company's Current Debt Portfolio

The following table illustrates the Company’s current debt portfolio as of December 31, 2012 and December 31, 2011:

 

     December 31,  
     2012      2011  
     (Dollars in Thousands)  

Senior Notes—payable in April 2018; fixed interest at 9.125% payable

    $ 300,000       $ 300,000   

semi-annually in April and October (Issued March 22, 2010).

      

Senior Notes—payable in April 2018; fixed interest at 9.125% payable

      129,205         —   

semi-annually in April and October (Issued April 25, 2012).

      

$125.0 million aggregate principal Convertible Senior Notes—payable in

      —         121,723   

July 2012; interest at 2.125% payable semi-annually in January and

      

July, net of unamortized discount of $3,277 at December 31, 2011.

      

Term Note—amortizes $2.5 million per quarter beginning March 31, 2013

      50,000         61,000   

($6.0 million per quarter prior to March 31, 2013); interest at prime, plus an applicable margin or LIBOR, plus an applicable margin. (Effective interest rate of 3.21% and 3.55% at December 31, 2012 and December 31, 2011, respectively)

      

Total debt

      479,205         482,723   
  

 

 

     

 

 

  

Less current portion

      10,000         145,723   

Total long-term debt

    $ 469,205       $ 337,000