LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS (Tables)

3 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

Schedule of Debt

Summary

	March 31, 2014			December 31, 2013
Senior debt	$	958,754		$	956,956
Total credit facilities and capital leases	7,848			8,101
Total long-term debt and other financing arrangements	966,602			965,057
Less: current maturities	(1,772		)	(2,114		)
Total non-current long-term debt and other financing arrangements	$	964,830		$	962,943

Schedule of Long-term Debt Instruments

Our senior debt comprised the following as at March 31, 2014 and December 31, 2013:

	Carrying Amount				Fair Value
	March 31, 2014		December 31, 2013		March 31, 2014		December 31, 2013
2015 Convertible Notes	243,676		241,193		254,404		237,011
2016 Fixed Rate Notes	378,882		379,182		398,956		374,573
2017 Fixed Rate Notes	336,196		336,581		353,679		344,223
	$	958,754	$	956,956	$	1,007,039	$	955,807

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, 2013	$	261,034	$	(19,841	)	$	241,193	$	11,907
Amortization of debt issuance discount	—		2,483			2,483		—
BALANCE March 31, 2014	$	261,034	$	(17,358	)	$	243,676	$	11,907

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, 2014 and December 31, 2013:

		March 31, 2014			December 31, 2013
Credit facilities	(a) – (c)	$	3,597		$	3,755
Capital leases		4,251			4,346
Total credit facilities and capital leases		7,848			8,101
Less: current maturities		(1,772		)	(2,114		)
Total non-current credit facilities and capital leases		$	6,076		$	5,987

(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, 2014, we had deposits of US$ 20.3 million in and drawings of US$ 0.3 million on the BMG cash pool. Interest is earned on deposits at the relevant money market rate. As at December 31, 2013, we had deposits of US$ 21.8 million in and drawings of US$ 0.8 million on the BMG cash pool.

(b) As at March 31, 2014 and December 31, 2013, there were no drawings outstanding under a CZK 860.0 million (approximately US$ 43.2 million) factoring framework agreement with Factoring Ceska Sporitelna (“FCS”). Under this facility up to CZK 860.0 million (approximately US$ 43.2 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 March 31, 2014, our operations in Romania had an aggregate principal amount of RON 12.5 million (approximately US$ 3.9 million) (December 31, 2013, RON 12.5 million, approximately US$ 3.9 million based on March 31, 2014 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, 2014, we had 16 loans outstanding with the CNC with maturity dates ranging from 2014 to 2023. The carrying amounts at March 31, 2014 and December 31, 2013 are net of a fair value adjustment of US$ 0.6 million and US$ 0.6 million, respectively, arising on acquisition.

Maturity Of Senior Debt And Credit Facility

At March 31, 2014, the maturity of our senior debt and credit facilities was as follows:

2014	$	735
2015	261,034
2016 (1)	376,374
2017	330,914
2018	526
2019 and thereafter	2,915
Total senior debt and credit facilities	972,498
Net discount	(10,147		)
Carrying amount of senior debt and credit facilities	$	962,351

(1) Amount represents the EUR 273.0 million (approximately US$ 376.4 million) aggregate principal amount of the 2016 Fixed Rate Notes, which was discharged on May 2, 2014.

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, 2014:

2014	$	937
2015	1,139
2016	900
2017	724
2018	383
2019 and thereafter	467
Total undiscounted payments	4,550
Less: amount representing interest	(299		)
Present value of net minimum lease payments	$	4,251