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Convertible Notes (Tables)
9 Months Ended
Sep. 30, 2011
Convertible Notes 
Schedule of convertible notes

 

 

(in thousands)

 

As of September 30,
2011

 

As of December 31,
2010

 

5% Convertible Senior Notes due 2014 (the “2014 Notes”)

 

$

172,500

 

$

172,500

 

Unamortized discount

 

(42,146

)

(51,000

)

Total convertible notes

 

$

130,354

 

$

121,500

 

Less current portion

 

 

 

Total long-term convertible notes

 

$

130,354

 

$

121,500

 

Schedule of interest expense on notes

 

 

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

 

 

(In thousands)

 

2014 Notes coupon interest at a rate of 5%

 

$

2,156

 

$

2,156

 

$

6,468

 

$

6,468

 

2014 Notes amortization of discount at an additional effective interest rate of 11.7%

 

3,254

 

2,797

 

9,326

 

7,283

 

Zero Coupon Convertible Senior Notes due 2010 amortization of discount at an effective interest rate of 8.4%

 

 

 

 

958

 

Total interest expense on convertible notes

 

$

5,410

 

$

4,953

 

$

15,794

 

$

14,709