Subsequent Events

9 Months Ended

Sep. 30, 2011

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

12. SUBSEQUENT EVENTS

We have evaluated subsequent events through November 10, 2011 (the date the financial statements were issued).

On November 10, 2011, our operating subsidiaries terminated our existing $430.3 million revolving credit facility and entered into an incremental facility agreement for new revolving credit commitments (the “new revolver”) under the credit facility. The new revolver has $216.0 million of aggregate commitments, and expires on December 30, 2016 (or on July 31, 2014 if our existing Term Loan D under the credit facility remains outstanding on that date, or April 15, 2015 if our existing senior notes remain outstanding on that date).

On the same date as the new revolver became effective, the financial covenants of the credit facility were amended as follows:

• the maximum total leverage ratio (as defined), which is currently 6.0 to 1.0, will be reduced to 5.5 to 1.0 commencing with the quarter ending June 30, 2013, and will be further reduced to 5.0 to 1.0 commencing with the quarter ending June 30, 2014, and remain at that level so long as any revolving credit commitments remain outstanding;

• the minimum interest coverage ratio (as defined) will be 1.75 to 1.0 as of the last day of any fiscal quarter ending after November 10, 2011, so long as any revolving credit commitments remain outstanding; and

• after the termination of all revolving credit commitments, the maximum total leverage ratio will be increased to 6.0 to 1.0 and the interest coverage ratio covenant will no longer be applicable.