XML 74 R14.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Note 6 - Preferred Stock | 12 Months Ended
--- | ---
Dec. 31, 2012
Preferred Stock [Text Block] | 6. Preferred Stock In 2008, we issued an aggregate of 1,000 shares of our Series D Perpetual Preferred Stock, no par value. Until the completion of the redemption of all of such shares described below, $8.4 million of original issue discount, transaction fees and expenses related thereto were being accreted over a seven-year period ending June 30, 2015. As of December 31, 2012 and 2011, we had 0.00 shares and 259.21 shares, respectively, of Series D Perpetual Preferred Stock outstanding. The Series D Perpetual Preferred Stock had a face value of $100,000 per share, for a total liquidation value of $0.0 million and $25.9 million as of December 31, 2012 and 2011, respectively. The Series D Perpetual Preferred Stock had a recorded value of $0.0 million and $24.8 million as of December 31, 2012 and December 31, 2011, respectively. The difference between the face value and the recorded value as of December 31, 2011 was the unaccreted portion of the original issuance discount and issuance cost. Our accrued Series D Perpetual Preferred Stock dividend balances as of December 31, 2012 and December 31, 2011 were $0.0 million and $13.7 million, respectively. In 2012, we repurchased an aggregate of approximately $25.9 million in face amount of our Series D Perpetual Preferred Stock, and paid $16.7 million in accrued dividends related thereto. We used cash on hand and borrowings under the 2020 Notes to fund these transactions. In 2011, we repurchased approximately $13.4 million in face amount of the Series D Perpetual Preferred Stock, and paid $6.6 million in accrued dividends thereon. We used cash on hand and borrowings under our 2007 Senior Credit Facility to fund these transactions. Except for the payment of dividends in connection with the repurchases of shares of our Series D Perpetual Preferred Stock, we did not pay cash dividends on the Series D Perpetual Preferred Stock in any period presented. In accordance with the terms of the Series D Perpetual Preferred Stock, the dividend rate thereon was at 17.0% per annum for all periods presented.

X
- Definition The entire disclosure for terms, amounts, nature of changes, rights and privileges, dividends, and other matters related to preferred stock. + References No definition available. + Details
Name: | us-gaap_PreferredStockTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration