FINANCING ARRANGEMENTS (Tables)

9 Months Ended

Sep. 30, 2011

Debt Disclosure [Abstract]

Summary of the entity's financial arrangements

The following table is a summary of the Company’s financing arrangements (in thousands):

	September 30, 2011		December 31, 2010
Senior secured notes, at 7.625%, due August 15, 2016	$	520,000	$	270,000
Revolving credit facility, due May 31, 2016	—		—
Unamortized notes premium and discount, net	4,590		(5,993		)
Long-term obligations	$	524,590	$	264,007

Schedule of redemption prices expressed as percentages of the principal amount

The Company may redeem some or all of the notes at any time on or after August 15, 2012 at the following redemption prices (expressed as percentages of the principal amount) if redeemed during the twelve-month period commencing on August 15 of the year set forth below, plus, in each case, accrued and unpaid interest, if any, to the date of redemption:

Year	Percentage
2012	103.813	%
2013	101.906	%
2014 and thereafter	100.000	%