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Debt (Tables) | 3 Months Ended
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Mar. 31, 2012
Debt Disclosure [Abstract] |
Schedule of Debt | Debt
| March 31, 2012 | December 31, 2011
Debt classified as current liabilities: |  |
Hancock County industrial revenue bonds due 2028, interest payable quarterly (variable interest rates (not to exceed 12%))(1) | $ | 7,815 |  | $ | 7,815 |
Debt classified as non-current liabilities: |  |
8.0% senior secured notes payable due May 15, 2014, net of debt discount of $2,438 and $2,695, respectively, interest payable semiannually | 247,166 |  | 246,909 |
7.5% senior unsecured notes payable due August 15, 2014, interest payable semiannually | 2,603 |  | 2,603 |
E.ON contingent obligation, principal and accrued interest, contingently payable monthly, annual interest rate of 10.94% (2) | 14,310 |  | 13,958 |
TOTAL | $ | 271,894 |  | $ | 271,285 |
(1) | The IRBs are classified as current liabilities because they are remarketed weekly and could be required to be repaid upon demand if there is a failed remarketing. The IRB interest rate at March 31, 2012 was 0.44%.
(2) | E.ON contingent obligation principal and interest payments are payable based on CAKY’s operating level and the LME price for primary aluminum. See E.ON contingent obligation below.
Schedule of Line of Credit Facilities | Status of our revolving credit facility:
| March 31, 2012
Senior secured revolving credit facility amount | $ | 100,000 |
Borrowing availability, net of outstanding letters of credit | 52,932 |
Outstanding borrowings on revolving credit facility | — |
Letter of credit sub-facility amount | 50,000 |
Outstanding letters of credit issued under the revolving credit facility | 41,451 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 4 -Section 08 -Paragraph f Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 22 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 + Details
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