XML 21 R14.htm IDEA: XBRL DOCUMENT

Debt

6 Months Ended

Jun. 30, 2011

Debt

(8) Debt

On May 2, 2011 we redeemed $85.0 million of our 7.00% Senior Notes at 101.75% of principal plus accrued interest pursuant to a call we issued on April 1, 2011. We recorded a net loss on extinguishment of debt of $2.4 million during the second quarter of 2011. This net loss consists of the following:

Premiums paid pursuant to the call		$	1,488
Deferred financing costs write-off		706
Bond discount write-off		228
Net loss on extinguishment of debt		$	2,422

Our outstanding debt consists of the following:

		June 30, 2011			December 31, 2010
7.00% Senior Notes		$	67,506		$	152,506
Unamortized bond discount		(171		)	(458		)
Domestic line of credit		12,000			—
Overseas lines of credit		1,241			2,462
Total		80,576			154,510
Less: current portion		1,241			2,462
Long-term debt		$	79,335		$	152,048

Scheduled repayments of outstanding debt as of June 30, 2011 are as follows:

Remainder of 2011		$	1,241
2012		—
2013		—
2014		67,506
2015		12,000
Total		$	80,747

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References+ Details