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Long-Term Debt

6 Months Ended

Jun. 30, 2012

Long-Term Debt [Abstract]

Note C—Long-Term Debt

Our long-term debt obligations were as follows:


		June 30,				December 31,
In thousands		2012				2011
2008 Term Loan Facility, various interest rates based on LIBOR, due March 7, 2012		$	0			$	60,000
2010 Revolving Credit Facility, various interest rates based on
LIBOR, due August 12, 2013 ($59.9 million capacity at June 30, 2012)			0				0
2011 Term Loan Facility, various interest rates based on LIBOR (effective rate of 2.25% at June 30, 2012), due August 16, 2016			116,375				119,438

Total debt			116,375				179,438
Less current maturities			12,250				69,188

Total long-term debt		$	104,125			$	110,250

The carrying values and estimated fair values of our outstanding debt were as follows:


		June 30,								December 31,
		2012								2011
In thousands		Carrying Value				Fair Value				Carrying Value				Fair Value
Total debt		$	116,375			$	116,375			$	179,438			$	179,286

The estimated fair values were calculated using current rates provided to us by our bankers for debt of the same remaining maturity and characteristics. These current rates are considered Level 2 inputs under the fair value hierarchy established by FASB ASC 820, Fair Value Measurements and Disclosures, (ASC 820).

As of June 30, 2012, we were in compliance with all of the covenants of our credit facilities.