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Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2014
Long-Term Debt [Abstract]  
Schedule Of Long-Term Debt

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2014

 

December 31, 2013

 

 

(In thousands)

8.25% Senior subordinated notes due September 2018

 

$ 

179,442 

 

$ 

200,000 

1.00% Convertible senior notes due December 2020, net of discount

 

 

220,950 

 

 

216,635 

Revolving credit facility, including swing-line credit facility (weighted-average combined interest rate of 2.2% and 2.5% as of June 30, 2014 and December 31, 2013, respectively)

 

 

73,220 

 

 

72,547 

Equipment financing notes 

 

 

616 

 

 

1,332 

Total 

 

 

474,228 

 

 

490,514 

Less: current portion 

 

 

615 

 

 

1,289 

Total long-term debt, excluding current portion 

 

$ 

473,613 

 

$ 

489,225 

 

Schedule of Interest Expense Related to Convertible Notes

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

June 30,

 

 

2014

 

2013

 

 

(In thousands)

Cash interest per contractual coupon rate

 

$ 

719 

 

$ 

 —

Amortization of note discount

 

 

2,167 

 

 

 —

Amortization of deferred financing costs

 

 

129 

 

 

 —

Total interest expense related to Convertible Notes

 

$ 

3,015 

 

$ 

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

 

June 30,

 

 

2014

 

2013

 

 

(In thousands)

Cash interest per contractual coupon rate

 

$ 

1,438 

 

$ 

 —

Amortization of note discount

 

 

4,315 

 

 

 —

Amortization of deferred financing costs

 

 

254 

 

 

 —

Total interest expense related to Convertible Notes

 

$ 

6,007 

 

$ 

 —

 

Schedule of Convertible Debt

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2014

 

December 31, 2013

 

 

(In thousands)

Principal balance

 

$ 

287,500 

 

$ 

287,500 

Discount, net of accumulated amortization

 

 

(66,550)

 

 

(70,865)

Net carrying amount of Convertible Notes

 

$ 

220,950 

 

$ 

216,635