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Long-Term Debt (Tables) | 6 Months Ended
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Jun. 30, 2012
Long-Term Debt [Abstract] |
Long-term debt |
(In thousands) |  | June 30, 2012 |  |  | December 31, 2011 |
2011 Revolving Credit Facility (1) |  | $ | — |  |  | $ | — |
9.0% Senior Subordinated Notes due 2018 (the “9.0% Notes”) |  |  | 210,000 |  |  |  | 210,000 |
5.0% Convertible Senior Notes due 2029, redeemable in 2014 (the “5.0% Convertible Notes”) (2) |  |  | 134,905 |  |  |  | 155,055 |
Notes payable to a finance company bearing interest from 9.52% to 10.52% (with a weighted average of 10.19%) |  |  | 11,932 |  |  |  | 13,223 |
Mortgage notes to finance companies-fixed rate, bearing interest from 4.29% to 7.03% |  |  | 125,228 |  |  |  | 116,584 |
Mortgage notes to finance companies-variable rate, bearing interest at 1.25 to 3.50 percentage points above one-month LIBOR |  |  | 63,930 |  |  |  | 65,640 |
Net debt discount and premium (3) |  |  | (14,015 | ) |  |  | (18,635 | )
Other |  |  | 5,590 |  |  |  | 5,752 |
Total debt |  | $ | 537,570 |  |  | $ | 547,619 |
Less current maturities |  |  | (12,175 | ) |  |  | (11,608 | )
Long-term debt |  | $ | 525,395 |  |  | $ | 536,011 |
(1) | The interest rate on the revolving credit facility was 2.0% above LIBOR at June 30, 2012 and 2.25% above LIBOR at December 31, 2011.
(2) | See the heading “5.0% Senior Convertible Notes” below for discussion of the terms under which these notes may be redeemed in 2014.
(3) | June 30, 2012 includes $1.2 million discount associated with the 9.0% Notes, $13.0 million discount associated with the 5.0% Convertible Notes, $1.0 million premium associated with notes payable to a finance company and $0.8 million discount associated with mortgage notes payable. December 31, 2011 includes $1.2 million discount associated with the 9.0% Notes, $17.7 million discount associated with the 5.0% Convertible Notes, $1.2 million premium associated with notes payable to a finance company and $0.9 million discount associated with mortgage notes payable.
Financial covenants include required specified ratios |
|  | Covenant |
|  | Consolidated Liquidity Ratio |  |  | Consolidated Fixed Charge Coverage Ratio |  |  | Consolidated Total Lease Adjusted Leverage Ratio |
Required ratio |  | ³ | 1.05 |  |  | ³ | 1.20 |  |  | £ | 5.50 |
June 30, 2012 actual |  |  | 1.16 |  |  |  | 1.56 |  |  |  | 3.88 |
Redemption price, percentage |
|  | Redemption Price |
Beginning on March 15, 2014 |  |  | 104.50 | %
Beginning on March 15, 2015 |  |  | 102.25 | %
Beginning on March 15, 2016 and thereafter |  |  | 100.00 | %
Summary of interest received and paid under term of cash flow swap |
Notional Amount |  |  | Pay Rate |  |  | Receive Rate (1) |  | Maturing Date
(In millions) |  |  |  |  |  |  |  |
$ | 3.3 |  |  |  | 7.100 | % |  | one-month LIBOR + 1.50% |  | July 10, 2017
$ | 25.0 | (2) |  |  | 5.160 | % |  | one-month LIBOR |  | September 1, 2012
$ | 15.0 | (2) |  |  | 4.965 | % |  | one-month LIBOR |  | September 1, 2012
$ | 25.0 | (2) |  |  | 4.885 | % |  | one-month LIBOR |  | October 1, 2012
$ | 10.3 |  |  |  | 4.655 | % |  | one-month LIBOR |  | December 10, 2017
$ | 8.2 | (2) |  |  | 6.860 | % |  | one-month LIBOR + 1.25% |  | August 1, 2017
$ | 6.3 |  |  |  | 4.330 | % |  | one-month LIBOR |  | July 1, 2013
$ | 100.0 | (3) |  |  | 3.280 | % |  | one-month LIBOR |  | July 1, 2015
$ | 100.0 | (3) |  |  | 3.300 | % |  | one-month LIBOR |  | July 1, 2015
$ | 6.9 | (2) |  |  | 6.410 | % |  | one-month LIBOR + 1.25% |  | September 12, 2017
$ | 50.0 | (3) |  |  | 2.767 | % |  | one-month LIBOR |  | July 1, 2014
$ | 50.0 | (3) |  |  | 3.240 | % |  | one-month LIBOR |  | July 1, 2015
$ | 50.0 | (3) |  |  | 2.610 | % |  | one-month LIBOR |  | July 1, 2014
$ | 50.0 | (3) |  |  | 3.070 | % |  | one-month LIBOR |  | July 1, 2015
$ | 100.0 | (4) |  |  | 2.065 | % |  | one-month LIBOR |  | June 30, 2017
$ | 100.0 | (4) |  |  | 2.015 | % |  | one-month LIBOR |  | June 30, 2017
(1) | The one-month LIBOR rate was 0.243% at June 30, 2012.
(2) | Changes in fair value are recorded through earnings.
(3) | The effective date of these forward-starting swaps is July 2, 2012.
(4) | The effective date of these forward-starting swaps is July 1, 2015.

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