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INTEREST EXPENSE | 12 Months Ended
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Dec. 31, 2011
INTEREST EXPENSE [Abstract] |
INTEREST EXPENSE |
13. | INTEREST EXPENSE
Interest expense consists of interest expense on the long-term debt, the commitment fee and amortization of the deferred financing costs related to the Credit Facility. Amounts borrowed under the Credit Facility bear interest equal to LIBOR plus a margin between 0.7% and 1.2%. The financing costs incurred in connection with the refinancing of the previous Credit Facility are deferred and amortized over the term of the Credit Facility on a straight-line basis. The amortization of deferred financing costs for the years ended December 31, 2011, 2010 and 2009 was $0.7 million, $0.7 million and $0.7 million, respectively. Total deferred financing costs were $1.1 million and $1.8 million at December 31, 2011 and 2010, respectively.

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- Definition The entire disclosure for interest interest expense during the period. + References No definition available. + Details
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