Long-Term Obligations

9 Months Ended

Sep. 30, 2013

Long-term obligations consist of the following (in thousands, except percentages):



	September 30, 2013			December 31, 2012
5% Convertible Senior Notes due October 2017, interest payable semi-annually in April and October, beginning April 1, 2013	$	130,000		$	130,000
Bank loans due May 2015, principal and interest payable monthly, weighted-average effective interest rate of 5.5%; net of unamortized discounts of $153 and $326 at September 30, 2013 and December 31, 2012, respectively	12,669			17,949
Obligation for building and improvements, effective interest of 4.9% at September 30, 2013 and December 31, 2012, expiring October 2026	6,176			6,318
Capital lease liabilities expiring January 2016, net of unamortized discounts of $71 and $117 at September 30, 2013 and December 31, 2012, respectively	302			375
Total long-term obligations	149,147			154,642
Less current portion	(7,631		)	(7,601		)
Non-current portion	$	141,516		$	147,041

Unamortized deferred debt issuance costs related to our Convertible Senior Notes at September 30, 2013 and December 31, 2012 totaled $4.3 million and $5.0 million, respectively.

At September 30, 2013, we were in compliance with all covenants under our bank loans. These include a minimum liquidity covenant requiring us to maintain with the bank unrestricted cash and marketable securities plus available amounts equal to or greater than the sum of all indebtedness owed to the bank plus our operating liquidity.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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