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Long-term debt: (Tables)
3 Months Ended
Mar. 31, 2013
Long-term debt:  
Schedule of debt and equity components for the Convertible Notes

The debt and equity components for the Convertible Notes were as follows (in thousands):

 

 

 

March 31,

 

December 31,

 

 

 

2013

 

2012

 

 

 

 

 

 

 

Principal amount

 

$

91,978

 

$

91,978

 

Unamortized discount

 

(7,947

)

(9,494

)

Net carrying amount

 

84,031

 

82,484

 

Additional paid-in capital

 

74,933

 

74,933

 

Schedule of interest expense recognized and the effective interest rate for the Convertible Notes

At March 31, 2013, the unamortized discount had a remaining recognition period of approximately one year.  The amount of interest expense recognized and effective interest rate were as follows (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2013

 

2012

 

 

 

 

 

 

 

Contractual coupon interest

 

$

230

 

$

230

 

Amortization of discount and costs on Notes

 

1,551

 

1,424

 

Interest expense

 

$

1,781

 

$

1,654

 

 

 

 

 

 

 

Effective interest rate

 

8.7

%

8.7

%