XML 46 R29.htm IDEA: XBRL DOCUMENT v2.4.0.6
DEBT (Tables)
 12 Months Ended
Dec. 31, 2012
Debt Disclosure [Abstract]  
Long-term debt

Long-term debt consists of the following (in thousands):

   
  December 31,
     2012   2011
Convertible senior notes   $     150,000     $         —  
Term loan credit facility     297,750       —  
Revolver     —       65,000  
Industrial revenue bond     2,500       —  
     $ 450,250     $ 65,000  
Less: unamortized discount     (30,020 )      —  
Less: current portion     (3,381 )      —  
     $ 416,849     $ 65,000  
Maturities of long-term debt

Maturities of long-term debt for the five years succeeding December 31, 2012 and thereafter are as follows (in thousands):

 
2013   $     3,381  
2014     3,475  
2015     3,496  
2016     3,517  
2017     3,539  
Thereafter     432,842  
Maturities of long-term debt   $ 450,250
Equity and Liability Components of Notes

The following table summarizes information about the equity and liability components of the Notes (dollars in thousands). The fair value of the notes outstanding were measured based on quoted market prices.

 

    December 31, 2012  
Principal amount of convertible notes outstanding   $ 150,000  
Unamortized discount of liability component     (23,082 )
Net carrying amount of liability component     126,918  
Less: current portion     -  
Long-term debt   $ 126,918  
Carrying value of equity component, net of issuance costs   $ 20,993  
Remaining amortization period of discount on the liability component     5.3 years  
Contractual Coupon Interest Expense and Accretion Of Discount On Liability

Contractual coupon interest expense and accretion of discount on the liability component for the Note for the year ended December 31, 2012 were as follow (in thousands):

 

  Year Ended
December 31, 2012		 
Contractual coupon interest expense $3,488 
Accretion of discount on the liability component $2,411