Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2012

Debt Disclosure [Abstract]

Borrowings

Borrowings consist of the following:

	December 31,
(in thousands)	2012			2011
Term loan payable in quarterly installments with a final maturity of July 31, 2013	$	53,149		$	127,557
Capitalized lease obligations	—			15
Total	53,149			127,572
Less current portion	(53,149		)	(74,423		)
Long-term debt and capital lease obligations, net of current portion	$	—		$	53,149

Interest Expense on Term Loan and Amortization Related to Debt Financing Costs

The interest expense on the term loan and amortization related to debt financing costs were as follows:

	Year Ended December 31,
	2012				2011				2010
(in thousands)	Interest Expense		Amortization		Interest Expense		Amortization		Interest Expense		Amortization
July 31, 2008 term loan (interest expense includes $0, $0 and $864 loss, respectively, on interest rate swap)	$	1,342	$	698	$	1,605	$	953	$	2,960	$	1,107

Future Principal Payments on Term Loan

The required future principal payments on the Company’s term loan as of December 31, 2012 are scheduled as follows:

(in thousands)
March 31, 2013	$	26,574
July 31, 2013 (maturity)	26,575
Term loan balance payable as of December 31, 2012	$	53,149