FINANCING ARRANGEMENTS (Tables)

9 Months Ended

Sep. 30, 2013

Carrying Amount of Liability Component and Remaining Unamortized Debt Discount

The application of ASC 470-20 resulted in the recognition of $20,470,000 as the value for the equity component. At September 30, 2013 and December 31, 2012, the net carrying amount of the liability component and the remaining unamortized debt discount were as follows (in thousands):

	SEPTEMBER 30,		DECEMBER 31,
	2013		2012
Carrying amount of equity component	$	20,470	$	20,470
Carrying amount of the liability component		107,694		104,637
Unamortized discount of the liability component		12,306		15,363
Unamortized deferred financing costs		2,225		2,778

Expenses in Relation To Convertible Notes

For the three and nine month periods ended September 30, 2013 and 2012, the Company recorded the following expenses in relation to the Notes (in thousands):

	Three months ended September 30,				Nine months ended September 30,
Expense Description	2013		2012		2013		2012
Interest expense at 3.5% coupon rate (1)	$	1,050	$	1,050	$	3,150	$	3,150
Debt discount amortization (1)		1,037		965		3,057		2,845
Amortization of deferred financing costs		188		174		553		514
	$	2,275	$	2,189	$	6,760	$	6,509

(1) Included within “Interest expense, net” on the Condensed Consolidated Statements of Comprehensive Income.