Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2013

Debt

Schedule of long-term debt

Long-term debt consisted of the following (in thousands):

	March 31, 2013						December 31, 2012
	Principal		Carrying Value		Fair Value(1)		Principal		Carrying Value		Fair Value(1)
8.25% Senior Notes due 2017, net of unamortized discount	$	300,000	$	298,534	$	320,250	$	300,000	$	298,471	$	329,418
8.50% Senior Notes due 2019, net of unamortized discount	300,000		298,087		312,000		300,000		298,035		332,700
Total long-term debt	$	600,000	$	596,621	$	632,250	$	600,000	$	596,506	$	662,118

(1) The fair value of the senior notes was based on observable market inputs, which are considered Level 2 in the fair value hierarchy.