Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2012


		2012		2011

Term Loans (mature July 2015)	$	367,181	$	279,750
Revolving Credit Facility (matures July 2015)		100,000		-
2025 Notes (mature December 2025)		3,487		300,000
2032 Notes (mature March 2032)		200,000		-
Senior Unsecured Notes (mature January 2016)		274,960		474,960
MARAD Debt (matures February 2027)		105,288		110,166
Unamoritized debt discount		(31,688)		(9,555)
Total debt		1,019,228		1,155,321
Less current maturities		(16,607)		(7,877)
Long-term debt	$	1,002,621	$	1,147,444

Schedule Of Redemption Price By Maturity


Year		Redemption Price

2012		104.750%
2013		102.375%
2014 and thereafter		100.000%

Schedule of Deferred Financing Costs


		2012						2011
		Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net

Term Loans (mature July 2015)	$	15,318	$	(11,595)	$	3,723	$	13,680	$	(10,257)	$	3,423
Revolving Credit Facility (matures July 2015)		20,021		(12,466)		7,555		19,236		(9,640)		9,596
2025 Notes (mature December 2025)		8,189		(8,189)		-		8,189		(7,340)		849
2032 Notes (mature March 2032)		4,251		(534)		3,717		78		-		78
Senior Unsecured Notes (mature January 2016)		10,643		(8,252)		2,391		10,643		(5,546)		5,097
MARAD Debt (matures February 2027)		12,200		(5,248)		6,952		12,200		(4,760)		7,440
Total deferred financing costs	$	70,622	$	(46,284)	$	24,338	$	64,026	$	(37,543)	$	26,483

Schedule of Maturities Of Long-Term Debt


		Term Loan⁽¹⁾		Revolving Credit Facility ⁽¹⁾		Senior Unsecured Notes		2025 Notes⁽²⁾		MARAD Debt		2032 Notes⁽³⁾		Total

Less than one year	$	8,000	$	-	$	-	$	3,487	$	5,120	$	-	$	16,607
One to two years		8,000		-		-		-		5,376		-		13,376
Two to three years		351,181		100,000		-		-		5,644		-		456,825
Three to four years		-		-		274,960		-		5,926		-		280,886
Four to five years		-		-		-		-		6,222		-		6,222
Over five years		-		-		-		-		77,000		200,000		277,000
Total debt		367,181		100,000		274,960		3,487		105,288		200,000		1,050,916
Current maturities		(8,000)		-		-		(3,487)		(5,120)		-		(16,607)
Long-term debt, less current maturities	$	359,181	$	100,000	$	274,960	$	-	$	100,168	$	200,000	$	1,034,309
Unamortized debt discount⁽⁴⁾		-		-		-		-		-		(31,688)		(31,688)
Long-term debt	$	359,181	$	100,000	$	274,960	$	-	$	100,168	$	168,312	$	1,002,621

(1) Term Loan amounts reflect both our Term Loan A and Term Loan B. In February 2013, we repaid $293.9 million of our Term Loans and $24.5 million under our Revolving Credit Facility with the after-tax proceeds from the sale of ERT.

(2) We repurchased the remainder of the 2025 Notes in February 2013 (see “2025 Notes” above).

(3) Beginning in March 2018, the holders of these Convertible Senior Notes may require us to repurchase these notes or we may at our own option elect to repurchase notes. These notes will mature in March 2032.

(4) The notes will increase to their principal amount through accretion of non-cash interest charges through March 2018 for the Convertible Senior Notes due 2032.

Schedule of Interest Expense And Capitalized Interest


		Year Ended December 31,
		2012		2011		2010

Interest expense	$	53,601	$	72,824	$	78,609
Interest income		(548)		(1,366)		(546)
Capitalized interest		(4,893)		(1,277)		(12,474)
Interest expense, net	$	48,160	$	70,181	$	65,589