LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS (Tables)

3 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

Schedule of Debt

	March 31, 2013			December 31, 2012
Senior debt	$	1,166,143		$	1,213,423
Total credit facilities and capital leases	7,006			7,368
Total long-term debt and other financing arrangements	1,173,149			1,220,791
Less current maturities	(1,597		)	(21,918		)
Total non-current long-term debt and other financing arrangements	$	1,171,552		$	1,198,873

Schedule of Long-term Debt Instruments

Our senior debt comprised the following as at March 31, 2013 and December 31, 2012:

	Carrying Amount				Fair Value
	March 31, 2013		December 31, 2012		March 31, 2013		December 31, 2012
2013 Convertible Notes	$	—	$	20,442	$	—	$	20,552
2015 Convertible Notes	234,072		231,812		237,333		238,052
2016 Fixed Rate Notes	618,295		637,408		634,297		666,385
2017 Fixed Rate Notes	313,776		323,761		335,747		346,200
	$	1,166,143	$	1,213,423	$	1,207,377	$	1,271,189

Schedule Of 2015 Convetible Notes

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 Amount		Equity Component
BALANCE December 31, 2012	$	261,034	$	(29,222	)	$	231,812	$	11,907
Amortization of debt issuance discount	—		2,260			2,260		—
BALANCE March 31, 2013	$	261,034	$	(26,962	)	$	234,072	$	11,907

Schedule Of 2016 Fixed Rate Notes

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

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

Credit facilities and capital lease obligations comprised the following at March 31, 2013 and December 31, 2012:

		March 31, 2013			December 31, 2012
Credit facilities	(a) – (c)	$	3,306		$	3,282
Capital leases		3,700			4,086
Total credit facilities and capital leases		7,006			7,368
Less current maturities		(1,597		)	(1,476		)
Total non-current credit facilities and capital leases		$	5,409		$	5,892

(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 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 March 31, 2013, we had deposits of US$ 28.9 million in and drawings of US$ 0.8 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%. As at December 31, 2012, we had deposits of US$ 30.3 million in and drawings of US$ 0.5 million on the BMG cash pool.

(b) As at March 31, 2013 and December 31, 2012, there were no drawings outstanding under a CZK 830.0 million (approximately US$ 41.4 million) factoring framework agreement with Factoring Ceska Sporitelna (“FCS”).  Under this facility up to CZK 830.0 million (approximately US$ 41.4 million) may be factored on a recourse or non-recourse basis.  The facility bears interest at one-month PRIBOR plus 2.5% for the period that actively assigned accounts receivable are outstanding.

(c) At March 31, 2013, our operations in Romania had an aggregate principal amount of RON 11.9 million (approximately US$ 3.4 million) (December 31, 2012, RON 11.9 million, approximately US$ 3.4 million based on March 31, 2013 rates) 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 March 31, 2013, we had 16 loans outstanding with the CNC with maturity dates ranging from 2014 to 2021. The carrying amounts at March 31, 2013 and December 31, 2012 are net of a fair value adjustment of US$ 1.0 million and US$ 1.0 million, respectively, arising on acquisition.

Maturity Of Senior Debt And Credit Facility

At March 31, 2013, the maturity of our senior debt and credit facilities was as follows:

2013	$	632
2014	403
2015	261,289
2016	612,847
2017	307,322
2018 and thereafter	3,040
Total senior debt and credit facilities	1,185,533
Net discount	(16,084		)
Carrying amount of senior debt and credit facilities	$	1,169,449

Schedule of Future Minimum Lease Payments for Capital Leases

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 March 31, 2013:

2013	$	850
2014	848
2015	709
2016	470
2017	382
2018 and thereafter	814
Total undiscounted payments	4,073
Less: amount representing interest	(373		)
Present value of net minimum lease payments	$	3,700