Debt (Tables)

6 Months Ended

Jun. 30, 2015

The carrying value and fair value of the Company's debt is as follows (in thousands):



	June 30, 2015				December 31, 2014
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash Convertible Senior Subordinated Notes	$	—	$	—	$	117,259	$	116,819
8.25% Senior Secured Notes	—		—		305,000		309,194
6.875% Senior Secured Notes	495,113		480,259		—		—
Total Debt	$	495,113	$	480,259	$	422,259	$	426,013

Debt Instrument Redemption



Year	Percentage
2017	103.438	%
2018	101.719	%
2019 and thereafter	100.000	%

Recorded Expenses with Respect to Long-term Debt

The Company recorded expenses with respect to the Debt as follows (in thousands):



	For the three months ended June 30,				For the six months ended June 30,
	2015		2014		2015		2014
Interest expense ⁽¹⁾	$	26,226	$	7,349	$	34,385	$	16,765
Amortization of debt issuance cost ⁽²⁾	9,428		2,791		10,362		11,557
Commitment fee	403		394		797		788
Total	$	36,057	$	10,534	$	45,544	$	29,110


⁽¹⁾	The three and six months ended June 30, 2015 includes a $16.5 million charge for a contractual make-whole premium, as a result of the early retirement of the $305 million 8.25% Senior Secured Notes in April 2015, which was recorded as Debt extinguishment charges on the Consolidated Statements of Operations

⁽²⁾

The three and six months ended June 30, 2015 includes a $8.5 million charge for the writedown of capitalized debt costs, as a result of the early retirement of the $305 million 8.25% Senior Secured Notes in April 2015, which was recorded as Debt extinguishment charges on the Consolidated Statements of Operations. Of the $2.8 million of amortization of debt issuance cost incurred during the three months ended June 30, 2014, $2.0 million is included in Debt extinguishment charges and $0.8 million is in Other expenses in the Consolidated Statements of Operations. Of the $11.6 million of amortization of debt issuance cost incurred during the six months ended June 30, 2014, $9.6 million is included in Debt extinguishment charges and $2.0 million is in Other expenses in the Consolidated Statements of Operations. The writedown amounts were incurred as a result of the $50.0 million and $235.0 million repayment of the First Lien Credit Facility made during the three and six months ended June 30, 2014, respectively.