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Indebtedness (Tables)
12 Months Ended
Dec. 31, 2013
Schedule of Indebtedness

 

 

 

 

 

 

 

 

 

December 31,

 

 

2013

 

2012

 

 

(In thousands)

8.25% senior notes issued February 14, 2011 and October 25, 2012, face amount of $510.0 million,  interest rate of 8.25% payable semi-annually, in arrears on  February 15 and August 15 of each year, maturity date February 15, 2018

 

$

497,355 

 

$

494,911 

Senior Credit Facility, interest rate based on base rate or LIBOR plus a floating spread, maturity date October 31, 2016

 

 

130,000 

 

 

195,000 

Total indebtedness

 

 

627,355 

 

 

689,911 

Current portion of indebtedness

 

 

 -

 

 

 -

Noncurrent portion of indebtedness

 

$

627,355 

 

$

689,911 

 

8.25% Senior Notes [Member]
 
Schedule of Redeemable Debt

 

 

Year

Percentage

2015

104.125% 

2016

102.063% 

2017 and thereafter

100.000%