Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Long-Term Debt

	December 31,
	2012		2011
	(In Thousands)
Working Capital Revolver Loan (A)	$	—	$	—
Secured Term Loan (B)		68,438		72,188
Other, with a current weighted-average interest rate of 6.85%, most of which is secured by machinery, equipment and real estate (C)		4,003		7,272
		72,441		79,460
Less current portion of long-term debt (D)		4,798		4,935
Long-term debt due after one year (D)	$	67,643	$	74,525

Stated Interest Rate on Secured Term Loan

The stated interest rate on the Secured Term Loan includes a variable interest rate (based on three-month LIBOR plus 300 basis points, which rate is adjusted quarterly) and a fixed interest rate as detailed below:

	December 31, 2012
	Stated			Principal
	Interest Rate			Balance
	(Dollars in Thousands)
Variable interest rate		3.31	%	$	45,625
Fixed interest rate		5.15	%	$	22,813
Weighted-average interest rate		3.92	%	$	68,438

Maturities of Long-Term Debt

Maturities of long-term debt for each of the five years after December 31, 2012 are as follows (in thousands):

2013	$	4,798
2014		4,549
2015		4,568
2016		57,705
2017		197
Thereafter		624
	$	72,441

Summary of Acquisition Transactions

The following is a summary of transactions relating to the 2007 Debentures for each respective year:

	2012		2011		2010
	(Dollars in Thousands)
Principal amounts converted or acquired	$	—	$	26,900	$	2,500
Cash paid for acquisitions	$	—	$	—	$	2,494
Shares of LSB common stock issued		—		979,160		—