Debt Issuance Costs

12 Months Ended

Dec. 31, 2012

Debt Issuance Costs

Debt Issuance Costs

Note 5 ¾Debt Issuance Costs

Costs associated with the issuance of debt securities and with obtaining credit facilities are capitalized and amortized over the term of the related borrowing or facility. No costs were capitalized during the years ended December 31, 2012 and 2010. During the year ended December 31, 2011, we capitalized $2.7 million of debt reorganization costs related to the First Amendment to our credit facility. As a result of our debt prepayments and the First Amendment to our Credit Facility in 2011, unamortized debt issuance costs of $0.3 million, $0.2 million and $1.1 million were written off in 2012, 2011 and 2010, respectively (see Note 8). Amortization of the debt issuance costs was $4.1 million in 2012, $1.8 million in 2011 and $1.3 million in 2010. As a result of the current classification of our credit facility, we fully amortized the debt issuance costs related to our existing credit facility during the fourth quarter of 2012. Debt issuance costs recorded in the balance sheets were as follows at December 31 (dollar amounts in thousands):

	2012		2011
Debt issuance costs	$	11,915	$	12,204
Accumulated amortization	(11,915)		(7,831)
	$	-	$	4,373