Convertible Subordinated Debt

9 Months Ended

Sep. 30, 2011

Convertible Subordinated Debt

Convertible Subordinated Debt

Note 6. Convertible Subordinated Debt

During the three months ended September 30, 2011, the Company issued an aggregate of 7,614,000 shares of common stock in several separate transactions in exchange for $116,600 aggregate principal amount (net of an unamortized discount of $1,200) of the Company's 2 ¹/4% Convertible Subordinated Notes due 2011. The Company also recorded approximately $808 of interest expense for the three and nine months ended September 30, 2011 related to exchange offers accepted by certain note holders. The remaining $78,000 principal amount of these notes was repaid in October 2011 in cash.