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Notes Payable and Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2013
Notes Payable and Long-Term Debt  
Schedule of principal repayments, which are due quarterly on the last day of each calendar quarter

 

 

 

 

Amount

 

2014

 

$

5,000 

 

2015

 

7,500 

 

2016

 

36,250 

 

Total

 

$

48,750 

 

 

Schedule of outstanding loan balances

 

 

 

 

Credit

 

Senior

 

Term

 

 

 

 

 

Agreement

 

Notes

 

Loan

 

Total

 

Balance at December 31, 2011

 

$

—

 

$

250,000

 

$

—

 

$

250,000

 

Unamortized discount

 

—

 

(2,814

)

—

 

(2,814

)

Net debt at December 31, 2011

 

—

 

247,186

 

—

 

247,186

 

Line of credit advances

 

6

 

—

 

—

 

6

 

Amortization of discount (a)

 

—

 

381

 

—

 

381

 

Net debt at December 31, 2012

 

6

 

247,567

 

—

 

247,573

 

Line of credit advances

 

10,083

 

—

 

—

 

10,083

 

Line of credit repayments

 

(3,006

)

—

 

—

 

(3,006

)

Original issue

 

—

 

—

 

50,000

 

50,000

 

Debt discount

 

—

 

—

 

(2,293

)

(2,293

)

Principal payments

 

—

 

—

 

(1,250

)

(1,250

)

Amortization of discount (a)

 

—

 

417

 

376

 

793

 

Net debt at December 31, 2013

 

7,083

 

247,984

 

46,833

 

301,900

 

Less: current portion

 

(7,083

)

—

 

(5,000

)

(12,083

)

Long-term debt at December 31, 2013

 

$

—

 

$

247,984

 

$

41,833

 

$

289,817

 

 

 

(a)

 

Interest expense for 2013 and 2012 includes $793 and $381, respectively, of amortization of original issue discount of the Senior Notes and Term Loan.

 

Summary of deferred financing fee activity

 

 

 

 

Total

 

Balance at December 31, 2011

 

$

9,312

 

Amortization of deferred financing costs

 

(1,653

)

Financing fees paid and accrued

 

(17

)

Balance at December 31, 2012

 

$

7,642

 

Amortization of deferred financing costs

 

(2,020

)

Financing fees paid and accrued

 

2,120

 

Balance at December 31, 2013

 

$

7,742