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Long-Term Debt | 12 Months Ended
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Dec. 31, 2011
Long-Term Debt [Abstract] |
Long-Term Debt |
6. | LONG-TERM DEBT:
|  | December 31, |
|  | 2011 |  |  | 2010 |
|  | (in thousands) |
Series A Term Note, maturing on February 25, 2014, due in annual payments of $2.1 million that began February 25, 2008, plus interest at 10.50% paid quarterly, on February 25, May 25, August 25 and November 25, collateralized by accounts receivable, inventory and certain equipment |  | $ | 6,429 |  |  | $ | 8,571 |
Series B Term Note, maturing on June 21, 2014, due in annual payments of $1.5 million that began June 21, 2008, plus interest at 10.22% paid quarterly, on March 21, June 21, September 21 and December 21, collateralized by accounts receivable, inventory and certain equipment |  |  | 4,500 |  |  |  | 6,000 |
Series C Term Note, maturing on October 26, 2014, due in annual payments of $1.4 million that began October 26, 2008, plus interest at 9.11% paid quarterly, on January 26, April 26, July 26 and October 26, collateralized by accounts receivable, inventory and certain equipment |  |  | 4,286 |  |  |  | 5,714 |
Series D Term Note, maturing on January 24, 2015, due in annual payments of $643,000 that began January 24, 2009, plus interest at 9.07% paid quarterly, on January 24, April 24, July 24 and October 24, collateralized by accounts receivable, inventory and certain equipment |  |  | 2,570 |  |  |  | 3,215 |
Total long-term debt |  | $ | 17,785 |  |  | $ | 23,500 |
Amounts are presented in the Consolidated Balance Sheets as follows: |  |  |  |  |  |  |  |
Current portion of long-term debt |  | $ | 5,714 |  |  | $ | 5,714 |
Long-term debt, less current portion |  |  | 12,071 |  |  |  | 17,786 |
|  | $ | 17,785 |  |  | $ | 23,500 |
The Company was not in compliance with its financial covenants as of December 31, 2011 and was granted waivers by its long-term debt holders. See Note 17, "Subsequent Events", for additional information on the waivers. Future principal payments of long-term debt are as follows (in thousands):
2012 |  | $ | 5,714 |
2013 |  |  | 5,714 |
2014 |  |  | 5,714 |
2015 |  |  | 643 |
Thereafter |  |  | — |
|  | $ | 17,785 |
Interest expense under our Credit Agreement and long-term debt was $9.3 million, net of amounts capitalized of $243,000 in 2011, $8.9 million, net of amounts capitalized of $484,000 in 2010, and $5.1 million, net of amounts capitalized of $569,000 in 2009.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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