LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS (Tables)

9 Months Ended

Sep. 30, 2013

Debt Disclosure [Abstract]

Schedule of Debt

Summary

	September 30, 2013			December 31, 2012
Senior debt	$	940,537		$	1,213,423
Total credit facilities and capital leases	7,527			7,368
Total long-term debt and other financing arrangements	948,064			1,220,791
Less: current maturities	(2,034		)	(21,918		)
Total non-current long-term debt and other financing arrangements	$	946,030		$	1,198,873

Schedule of Long-term Debt Instruments

Our senior debt comprised the following as at September 30, 2013 and December 31, 2012:

	Carrying Amount				Fair Value
	September 30, 2013		December 31, 2012		September 30, 2013		December 31, 2012
2013 Convertible Notes	$	—	$	20,442	$	—	$	20,552
2015 Convertible Notes	238,723		231,812		250,593		238,052
2016 Fixed Rate Notes	371,527		637,408		389,109		666,385
2017 Fixed Rate Notes	330,287		323,761		347,522		346,200
	$	940,537	$	1,213,423	$	987,224	$	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	—		6,911			6,911		—
BALANCE September 30, 2013	$	261,034	$	(22,311	)	$	238,723	$	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 September 30, 2013 and December 31, 2012:

		September 30, 2013			December 31, 2012
Credit facilities	(a) – (c)	$	3,872		$	3,282
Capital leases		3,655			4,086
Total credit facilities and capital leases		7,527			7,368
Less: current maturities		(2,034		)	(1,476		)
Total non-current credit facilities and capital leases		$	5,493		$	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 September 30, 2013, we had deposits of US$ 32.5 million in and drawings of US$ 1.0 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%. 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 September 30, 2013 and December 31, 2012, there were no drawings outstanding under a CZK 880.0 million (approximately US$ 46.2 million) factoring framework agreement with Factoring Ceska Sporitelna (“FCS”). Under this facility up to CZK 880.0 million (approximately US$ 46.2 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 September 30, 2013, our operations in Romania had an aggregate principal amount of RON 12.5 million (approximately US$ 3.8 million) (December 31, 2012, RON 11.9 million, approximately US$ 3.6 million based on September 30, 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 September 30, 2013, we had 17 loans outstanding with the CNC with maturity dates ranging from 2014 to 2023. The carrying amounts at September 30, 2013 and December 31, 2012 are net of a fair value adjustment of US$ 1.1 million and US$ 1.0 million, respectively, arising on acquisition.

Maturity Of Senior Debt And Credit Facility

At September 30, 2013, the maturity of our senior debt and credit facilities was as follows:

2013	$	457
2014	820
2015	261,065
2016	368,930
2017	324,118
2018 and thereafter	3,360
Total senior debt and credit facilities	958,750
Net discount	(14,341		)
Carrying amount of senior debt and credit facilities	$	944,409

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 September 30, 2013:

2013	$	281
2014	983
2015	844
2016	601
2017	444
2018 and thereafter	889
Total undiscounted payments	4,042
Less: amount representing interest	(387		)
Present value of net minimum lease payments	$	3,655