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CONVERTIBLE SENIOR NOTES
6 Months Ended
Jun. 30, 2015
CONVERTIBLE SENIOR NOTES  
CONVERTIBLE SENIOR NOTES

 

10 — CONVERTIBLE SENIOR NOTES

 

The Company issued $125,000 of the 5.0% Convertible Senior Notes on July 27, 2010 (the “2010 Notes”). The Indenture for the 2010 Notes included customary agreements and covenants by the Company, including with respect to events of default. As noted in Note 1 — General Information, the filing of the Chapter 11 Cases by the Company on April 21, 2014 constituted an event of default with respect to the 2010 Notes. On this date, the Company ceased recording interest expense related to the 2010 Notes.  On the Effective Date, when the Company emerged from Chapter 11, the 2010 Notes and the Indenture were fully satisfied and discharged.

 

The following table provides additional information about the Predecessor Company’s 2010 Notes:

 

 

 

Predecessor

 

 

 

For the Three
Months Ended
June 30,
2014

 

For the Six

Months Ended

June 30,
2014

 

Effective interest rate on liability component

 

10.0 

%

10.0 

%

Cash interest expense recognized

 

$

345 

 

$

1,886 

 

Non-cash interest expense recognized

 

293 

 

1,592 

 

Non-cash deferred financing amortization costs included in interest expense

 

39 

 

216