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Deferred Finance Costs
 12 Months Ended
Dec. 31, 2011
Deferred Finance Costs [Abstract]  
Deferred Finance Costs

Note 10.    Deferred Finance Costs

 

On December 14, 2011, we entered into a new five-year revolving credit facility and $1.7 million of refinancing costs were capitalized. These are being amortized over the expected life of the revolving credit facility using the effective interest method. Deferred finance costs associated with the previous finance facility became fully amortized in the third quarter of 2011.

 

(in millions)

    2011
      2010
  

Gross cost

    $ 1.7       $ 3.9   

Accumulated amortization

      0.0         (3.4 ) 
    
  
     $ 1.7       $ 0.5   
    
  

Amortization expense was $0.5 million, $1.4 million and $2.0 million in 2011, 2010 and 2009, respectively. The charge is included in interest expense (see Note 2).