LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS (Tables)

12 Months Ended

Dec. 31, 2011



	December 31, 2011			December 31, 2010
Senior debt	$	1,243,207		$	1,341,544
Total credit facilities and capital leases	81,162			18,240
Total long-term debt and other financing arrangements	1,324,369			1,359,784
Less current maturities	(1,058		)	(13,562		)
Total non-current long-term debt and other financing arrangements	$	1,323,311		$	1,346,222

Schedule of Long-term Debt Instruments [Table Text Block]

Our senior debt comprised the following as of December 31, 2011 and December 31, 2010:



	Carrying Value				Fair Value
	December 31, 2011		December 31, 2010		December 31, 2011		December 31, 2010
USD 129.7 million 2013 Convertible Notes	$	121,230	$	389,218	$	117,926	$	391,888
EUR 148.0 million 2014 Floating Rate Notes	191,497		197,758		141,708		170,319
USD 261.0 million 2015 Convertible Notes	223,341		—		163,276		—
EUR 374.6 million 2016 Fixed Rate Notes	487,176		527,414		373,215		533,067
EUR 170.0 million 2017 Fixed Rate Notes	219,963		227,154		206,765		235,672
	$	1,243,207	$	1,341,544	$	1,002,890	$	1,330,946

Schedule of Extinguishment of Debt [Table Text Block]

The amounts we recorded for each transaction are presented in the table below.



Transaction date	February 18, 2011		June 29, 2011		September 9, 2011
Loss on extinguishment	$	19,167	$	3,424	$	16
Unamortized debt costs included in loss on extinguishment	1,851		388		16
Adjustment to additional paid-in capital	6,742		364		26

Schedule Of 2013 Convertible Notes [Table Text Block]

We separately account for the liability and equity components of the 2013 Convertible Notes. The embedded conversion option is not accounted for as a derivative.



	Principal Amount of Liability Component			Unamortized Discount			Net Carrying Value			Equity Component
BALANCE December 31, 2010	$	440,200		$	(50,982	)	$	389,218		$	110,752
Extinguishment of debt	(310,540		)	31,523			(279,017		)	(8,383		)
Amortization of debt issuance discount	—			11,029			11,029			—
BALANCE December 31, 2011	$	129,660		$	(8,430	)	$	121,230		$	102,369

Schedule Of 2015 Convetible Notes [Table Text Block]

We separately account for the liability and equity components of the 2015 Convertible Notes. The embedded conversion option is not accounted for as a derivative.



	Principal Amount of Liability Component		Unamortized Discount			Net Carrying Value		Equity Component
BALANCE December 31, 2010	$	—	$	—		$	—	$	—
Issuance of 2015 Convertible Notes	261,034		(44,043		)	216,991		11,907
Amortization of debt issuance discount	—		6,350			6,350		—
BALANCE December 31, 2011	$	261,034	$	(37,693	)	$	223,341	$	11,907

Schedule Of 2016 Fixed Rate Notes [Table Text Block]

The 2016 Fixed Rate Notes are redeemable at our option, in whole or in part, at the redemption prices set forth below:



From	Fixed Rate Notes Redemption Price

September 15, 2013 to September 14, 2014	105.813	%
September 15, 2014 to September 14, 2015	102.906	%
September 15, 2015 and thereafter	100.000	%

Schedule Of 2017 Fixed Rate Notes [Table Text Block]

The 2017 Fixed Rate Notes are redeemable at our option, in whole or in part, at the redemption prices set forth below:



From	Fixed Rate Notes Redemption Price

November 1, 2014 to October 31, 2015	104.50	%
November 1, 2015 to October 31, 2016	102.25	%
November 1, 2016 and thereafter	100.00	%

Credit Facilities And Capital Lease Obligations [Table Text Block]

Credit facilities and capital lease obligations comprised the following at December 31, 2011 and December 31, 2010:



		December 31, 2011			December 31, 2010
Credit facilities	(a) – (d)	$	77,464		$	14,004
Capital leases		3,698			4,236
Total credit facilities and capital leases		81,162			18,240
Less current maturities		(1,058		)	(13,562		)
Total non-current credit facilities and capital leases		$	80,104		$	4,678

(a) We have a cash pooling arrangement with Bank Mendes Gans (“BMG”), a subsidiary of ING Bank N.V. (“ING”), which enables us to receive credit across the group in respect of cash balances which our subsidiaries in The Netherlands, Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia deposit with BMG. Cash deposited by our subsidiaries with BMG is pledged as security against the drawings of other subsidiaries up to the amount deposited.

As at December 31, 2011, we had deposits of US$ 37.0 million in and drawings of US$ 0.0 million on the BMG cash pool. Interest is earned on deposits at the relevant money market rate and interest is payable on all drawings at the relevant money market rate plus 2.0%. Drawings on the BMG cash pool did not exceed deposits at any time during the year 2011. As at December 31, 2010, we had deposits of US$ 20.3 million in and drawings of US$ 12.3 million on the BMG cash pool.

(b) On October 21, 2010, CET 21 entered into a five-year CZK 1.5 billion (approximately US$ 75.2 million) secured revolving credit facility (the “Secured Revolving Credit Facility”) with BNP Paribas S.A., J.P. Morgan plc, Citigroup Global Markets Limited, ING and Ceska Sporitelna, a.s. (“CSAS”), as mandated lead arrangers and original lenders, BNP Paribas S.A., as agent, BNP Paribas Trust Corporation UK Limited, as security agent, and CME Ltd., CME NV, CME BV, CME Investments B.V., CME SH and Markiza as the original guarantors. Interest under the facility is calculated at a rate per annum of 4.5% above Prague Interbank Offered Rate ("PRIBOR") for the relevant interest period (the applicable rate at December 31, 2011 was 5.97%). The Secured Revolving Credit Facility will decrease to CZK 750.0 million (approximately US$ 37.6 million) on the fourth anniversary of the signing date. Drawings under the facility by CET 21 are expected to be used for working capital requirements and for general corporate purposes. The Secured Revolving Credit Facility contains customary representations, warranties, covenants and events of default. The covenants include limitations on CET 21's ability to incur additional indebtedness, create liens, make disposals and to carry out certain other types of transactions. We drew CZK 1.0 billion (approximately US$ 50.2 million) under the Secured Revolving Credit Facility on September 26, 2011. We drew a further CZK 500.0 million (approximately US$ 25.1 million) on October 5, 2011, and the facility remains fully drawn. No amount had been drawn at December 31, 2010. As of December 31, 2011, CET 21 had an interest rate swap to hedge the interest rate exposure on the future outstanding principal under the Secured Revolving Credit Facility (see Note 12, “Financial Instruments and Fair Value Measurements”).

(c) As at December 31, 2011, and December 31, 2010, there were no drawings outstanding under a CZK 300.0 million (approximately US$ 15.0 million) working capital credit facility with Factoring Ceska Sporitelna (“FCS”). This facility is secured by a pledge of receivables under a factoring agreement with FCS and is available indefinitely, subject to a three-month notice period. The facility bears interest at one-month PRIBOR plus 2.5% for the period that actively assigned accounts receivable are outstanding.

(d) At December 31, 2011, Media Pro Entertainment had an aggregate principal amount of RON 7.4 million (approximately US$ 2.2 million) (December 31, 2010, RON 9.3 million, approximately US$ 2.8 million) of loans outstanding with the Central National al Cinematografei ("CNC"), a Romanian governmental organization which provides financing for qualifying filmmaking projects. Upon acceptance of a particular project, the CNC awards an agreed level of funding to each project in the form of an interest-free loan. Loans from the CNC are typically advanced for a period of ten years and are repaid through the proceeds from the distribution of the film content. At December 31, 2011, we had 12 loans outstanding with the CNC with maturity dates ranging from 2011 to 2020. The carrying amounts at December 31, 2011 and December 31, 2010 are net of a fair value adjustment of US$ 1.0 million and US$ 1.2 million, respectively, arising on acquisition.

Maturity Of Senior Debt And Credit Facility [Table Text Block]

At December 31, 2011, the maturity of our Senior Debt and credit facilities was as follows:



2012	$	82
2013	129,717
2014	229,427
2015	298,647
2016	484,693
2017 and thereafter	222,706
Total Senior Debt and credit facilities	1,365,272
Net discount	(44,601		)
Carrying value of Senior Debt and credit facilities	$	1,320,671

Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]

The future minimum lease payments, by year and in the aggregate, under capital leases with initial or remaining non-cancellable lease terms in excess of one year, consisted of the following at December 31, 2011:



2012	$	1,101
2013	761
2014	400
2015	368
2016	368
2017 and thereafter	1,197
Total undiscounted payments	4,195
Less: amount representing interest	(497		)
Present value of net minimum lease payments	$	3,698