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Long-Term Debt (Tables) | 6 Months Ended
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Jun. 30, 2012
Long-Term Debt [Abstract] |
Liability and equity of component of convertible senior debentures | The carrying values of the liability and equity components of the convertible debentures due 2042 are reflected in the Company’s consolidated condensed balance sheets as follows:
|  | June 30, 2012 |
Liability component: |  |  |
Principal amount of the debentures |  | $ | 150,000 |
Unamortized discount |  |  | (93,394 | )
Embedded derivative |  |  | 278 |
Carrying value of liability component |  | $ | 56,884 |
Equity component - net carrying value |  | $ | 57,874 |
The carrying values of the liability and equity components of the convertible debentures due 2041 are reflected in the Company’s consolidated condensed balance sheets as follows:
|  | June 30, 2012 |  |  | December 31, 2011 |
Liability component: |  |  |  |  |  |
Principal amount of the debentures |  | $ | 150,000 |  |  | $ | 150,000 |
Unamortized discount |  |  | (99,430 | ) |  |  | (99,843 | )
Embedded derivative |  |  | 426 |  |  |  | 392 |
Carrying value of liability component |  | $ | 50,996 |  |  | $ | 50,549 |
Equity component - net carrying value |  | $ | 62,246 |  |  | $ | 62,246 |
The carrying values of the liability and equity components of the convertible debentures due 2040 are reflected in the Company’s consolidated condensed balance sheets as follows:
|  | June 30, 2012 |  |  | December 31, 2011 |
Liability component: |  |  |  |  |  |
Principal amount of the debentures |  | $ | 275,000 |  |  | $ | 275,000 |
Unamortized discount |  |  | (176,310 | ) |  |  | (177,131 | )
Embedded derivative |  |  | 561 |  |  |  | 594 |
Carrying value of liability component |  | $ | 99,251 |  |  | $ | 98,463 |
Equity component - net carrying value |  | $ | 110,094 |  |  | $ | 110,094 |
Schedule of long-term debt instruments | Long-term debt consists of the following:
|  | June 30, 2012 |  | December 31, 2011
Credit facility | $160,000 |  | $155,000
Exchangeable unsecured notes, due 2102 | 95,042 |  | 95,042
Convertible senior debentures, due 2040 | 99,251 |  | 98,463
Convertible senior debentures, due 2041 | 50,996 |  | 50,549
Convertible senior debentures, due 2042 | 56,884 |  | -
| 462,173 |  | 399,054
Less current portion | - |  | -
| $462,173 |  | $399,054
Convertible debentures, interest expense | Interest expense related to the convertible debentures due 2042 is reflected on the consolidated condensed statement of operations as follows:
|  | Fiscal quarter and six fiscal months ended |
|  | June 30, 2012 |
Contractual coupon interest |  | $ | 291 |
Non-cash amortization of debt discount |  |  | 74 |
Non-cash amortization of deferred financing costs |  |  | 5 |
Non-cash change in value of derivative liability |  |  | 42 |
Total interest expense related to the debentures |  | $ | 412 |
Interest expense related to the convertible debentures due 2041 is reflected on the consolidated condensed statements of operations as follows:
|  | Fiscal quarters ended |  |  | Six fiscal months ended |
|  | June 30, 2012 |  |  | July 2, 2011 |  |  | June 30, 2012 |  |  | July 2, 2011 |
Contractual coupon interest |  | $ | 844 |  |  | $ | 441 |  |  | $ | 1,688 |  |  | $ | 441 |
Non-cash amortization of debt discount |  |  | 209 |  |  |  | 102 |  |  |  | 413 |  |  |  | 102 |
Non-cash amortization of deferred financing costs |  |  | 12 |  |  |  | 6 |  |  |  | 24 |  |  |  | 6 |
Non-cash change in value of derivative liability |  |  | 109 |  |  |  | 2 |  |  |  | 34 |  |  |  | 2 |
Total interest expense related to the debentures |  | $ | 1,174 |  |  | $ | 551 |  |  | $ | 2,159 |  |  | $ | 551 |
Interest expense related to the convertible debentures due 2040 is reflected on the consolidated condensed statements of operations as follows:
|  | Fiscal quarters ended |  |  | Six fiscal months ended |
|  | June 30, 2012 |  |  | July 2, 2011 |  |  | June 30, 2012 |  |  | July 2, 2011 |
Contractual coupon interest |  | $ | 1,547 |  |  | $ | 1,547 |  |  | $ | 3,094 |  |  | $ | 3,094 |
Non-cash amortization of debt discount |  |  | 414 |  |  |  | 383 |  |  |  | 821 |  |  |  | 759 |
Non-cash amortization of deferred financing costs |  |  | 22 |  |  |  | 22 |  |  |  | 44 |  |  |  | 44 |
Non-cash change in value of derivative liability |  |  | 71 |  |  |  | 69 |  |  |  | (33 | ) |  |  | 8 |
Total interest expense related to the debentures |  | $ | 2,054 |  |  | $ | 2,021 |  |  | $ | 3,926 |  |  | $ | 3,905 |

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 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 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 + Details
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- Definition Components of Interest expense related to convertible debentures reflected on the consolidated condensed statement of operations. + References No definition available. + Details
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- Definition Liability and equity component of the convertible senior debentures as at the reporting date. + References No definition available. + Details
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