Annual report pursuant to Section 13 and 15(d)

LONG-TERM DEBT (Tables)

v2.4.0.6
LONG-TERM DEBT (Tables)
 12 Months Ended
Dec. 31, 2011
LONG-TERM DEBT [Abstract]  
Long Term Debt
Long-term debt, which includes capital leases, at December 31, 2011 and 2010, consisted of the following:
 
   
2011
    
2010
  
   
(in thousands)
  
May 2010 Senior Secured Credit Facility:
            
Term loan A
   $ 87,500     $ 96,250  
Term loan B, net of unamortized discount of $3.0 million and $3.6 million at December 31, 2011 and 2010, respectively
     783,041       790,420  
Revolving credit facility
     -       -  
8.125% Senior Notes due 2018
     250,000       250,000  
10.75% Senior Notes due 2016, plus unamortized premium of $18.7 million and $22.7 million at December 31, 2011 and 2010, respectively
     305,649       309,727  
2.875% Convertible Senior Notes due 2027, net of unamortized discount of $32.4 million and $43.1 million at December 31, 2011 and 2010, respectively
     187,627       176,927  
Other long-term debt
     101,871       108,540  
      1,715,688       1,731,864  
Less: current portion
     52,632       54,150  
Total long-term debt, net
   $ 1,663,056     $ 1,677,714  
 
Future Maturities of Long-Term Debt
Future maturities of long-term debt at December 31, 2011 are as follows:
 
   
(in thousands)
  
2012
   $ 52,632  
2013
     30,497  
2014
     262,996  
2015
     61,966  
2016
     1,064,558  
Thereafter
     259,702  
Total
     1,732,351  
Debt discount
     (35,332 )
Debt premium
     18,669  
Total including premium and discount
   $ 1,715,688  
 
Summary of Pre-Tax Interest Cost Recognized on Convertible Senior Notes
The following table summarizes the amount of pre-tax interest cost recognized on the notes:
 
   
Year Ended December 31,
  
   
2011
    
2010
    
2009
  
   
(in thousands)
  
Interest cost recognized relating to:
                  
Contractual interest coupon
   $ 6,325     $ 6,325     $ 6,325  
Amortization of debt discount
     10,700       9,710       8,811  
Amortization of debt issuance costs
     703       703       703  
Total interest cost recognized on the notes
   $ 17,728     $ 16,738     $ 15,839