XML 68 R19.htm IDEA: XBRL DOCUMENT

CONVERTIBLE SENIOR NOTES

9 Months Ended

Sep. 30, 2012

10 - CONVERTIBLE SENIOR NOTES

The Company issued $125,000 of 5.0% Convertible Senior Notes on July 27, 2010 (the “2010 Notes”). The Indenture includes customary agreements and covenants by the Company, including with respect to events of default.

The following tables provide additional information about the Company’s 2010 Notes:

	September 30, 2012		December 31, 2011
Carrying amount of the equity component (additional paid-in capital)	$	24,375	$	24,375
Principal amount of the 2010 Notes	125,000		125,000
Unamortized discount of the liability component	15,274		18,619
Net carrying amount of the liability component	109,726		106,381

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Effective interest rate on liability component	10.0		%	10.0		%	10.0		%	10.0		%
Cash interest expense recognized	$	1,580		$	1,584		$	4,696		$	4,677
Non-cash interest expense recognized	1,158			1,046			3,345			2,999
Non-cash deferred financing amortization costs included in interest expense	181			181			540			538

The remaining period over which the unamortized discount will be recognized is 2.9 years. As of September 30, 2012, the if-converted value of the 2010 Notes does not exceed their principal amount.

Due to the 2015 maturity of the 2010 Notes and the Company’s intent to hold the 2010 Notes until maturity, the 2010 Notes have been classified as a noncurrent liability on the condensed consolidated balance sheets as of September 30, 2012 and December 31, 2011.