Long-Term Debt

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



	December 31,
	2011			2010
Unsecured notes	$	250,000		$	—
Unamortized issuance costs	(2,139		)	—
	$	247,861		$	—


Note 11.	Long-Term Debt—(Continued)

In August 2011, the Company issued $250 million aggregate principal amount of its 3.75 percent senior unsecured notes due September 1, 2016 (the “Notes”). The net proceeds from the issuance of the Notes were approximately $247.7 million, after deducting underwriting fees and other offering expenses, which are being amortized over a period of five years. Interest is payable on the Notes semiannually in arrears on March 1 and September 1, commencing March 1, 2012. The proceeds from the Notes are being used for general corporate purposes, which may include working capital and capital expenditure needs, business acquisitions and repurchases of the Company’s common stock.