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DEBT (Tables)
 9 Months Ended
Sep. 30, 2015
Debt Disclosure [Abstract]  
Long-Term Debt
Long-term debt consists of the following (in thousands):
 
 
 
September 30,
 
December 31,
 
 
 
2015
 
2014
 
Convertible senior notes
 
$
150,000
 
$
150,000
 
Term loan credit agreement
 
 
191,881
 
 
192,845
 
Revolving credit agreement
 
 
52
 
 
-
 
Industrial revenue bond
 
 
1,275
 
 
1,645
 
 
 
$
343,208
 
$
344,490
 
Less: unamortized discount
 
 
(13,129)
 
 
(19,217)
 
Less: current portion
 
 
(2,440)
 
 
(496)
 
 
 
$
327,639
 
$
324,777
 
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.
 
 
 
September 30,
 
December 31,
 
 
 
2015
 
2014
 
Principal amount of the Notes outstanding
 
$
150,000
 
$
150,000
 
Unamortized discount of liability component
 
 
(12,235)
 
 
(15,399)
 
Net carrying amount of liability component
 
 
137,765
 
 
134,601
 
Less: current portion
 
 
-
 
 
-
 
Long-term debt
 
$
137,765
 
$
134,601
 
Carrying value of equity component, net of issuance costs
 
$
20,993
 
$
20,993
 
Remaining amortization period of discount on the liability component
 
 
2.5 years
 
 
3.3 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 Notes for the three and nine month periods ended September 30, 2015 and 2014 were as follow (in thousands):
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
 
2015
 
2014
 
2015
 
2014
 
Contractual coupon interest expense
 
$
1,266
 
$
1,266
 
$
3,797
 
$
3,797
 
Accretion of discount on the liability component
 
$
1,073
 
$
1,002
 
$
3,164
 
$
2,954