Note 6 — Long-Term Debt

The following table summarizes the Company’s long-term debt:


	June 30, 2015		December 31, 2014
8% Senior Notes, due January 30, 2020	$	40,250	$	40,250
3.875% Convertible Senior Notes, due March 15, 2019*		90,679		89,289

Total long-term debt	$	130,929	$	129,539

*	net carrying value

In January 2015, the Company increased its cash dividend on common stock from $0.275 per share to $0.30 per share, which resulted in an adjustment in the conversion rate applicable to the Company’s 3.875% Convertible Senior Notes. As a result, each $1 of notes will be convertible into 16.0173 shares of common stock, which is the equivalent of approximately $62.43 per share.

For the three months ended June 30, 2015 and 2014, interest expense included the contractual interest coupon, discount amortization and amortization of allocated issuance costs aggregating $2,679 and $2,609, respectively, the amounts of which included non-cash interest expense of $876 and $806, respectively. For the six months ended June 30, 2015 and 2014, interest expense of $5,340 and $5,183, respectively, included non-cash interest expense of $1,734 and $1,588, respectively. As of June 30, 2015, the remaining amortization period of the debt discount was 3.7 years.