LONG-TERM DEBT, Debt Covenants (Details)
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12 Months Ended |
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Dec. 31, 2011
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Senior Notes Due 2018 8.125 percent [Member]
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Debt Instrument [Line Items] | |
Debt instruments, covenant terms | Two incurrence-based financial covenants, as defined, requiring a minimum fixed charge coverage ratio of 2.0 to 1.0 and a maximum secured indebtedness leverage ratio of 2.75 to 1.0. |
Senior Notes Due 2016 10.75 percent [Member]
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Debt Instrument [Line Items] | |
Debt instruments, covenant terms | Two incurrence-based financial covenants, as defined, requiring a minimum fixed charge coverage ratio of 2.0 to 1.0 and a maximum secured indebtedness leverage ratio of 2.75 to 1.0. |
May 2010 Senior Secured Credit Facility [Member]
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Line of Credit Facility [Line Items] | |
Line of credit facility, covenant terms | The credit agreement has two covenants measured quarterly that relate to total leverage and interest coverage. The consolidated total leverage covenant requires us to maintain a ratio of consolidated total debt to consolidated EBITDA both as defined in the credit agreement of 4.5x over the trailing four consecutive quarters. The total leverage ratio will reduce to 4.0x on September 30, 2012, 3.75x on September 30, 2013 and 3.5x on March 31, 2015. The consolidated interest coverage covenant requires us to maintain a minimum ratio of consolidated EBITDA to consolidated interest expense both as defined in the credit agreement of 2.75x over the trailing four consecutive quarters. The interest coverage ratio will increase to 3.0x on September 30, 2012. |
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- Details
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- Definition
Description of covenants that limit or prohibit certain actions or activities without the lender's prior consent within a specified period of time or until certain specified targets are achieved for example, reduction of the debt or an increase in net worth to a specified amount). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Description of the conditions for borrowing under the credit facility including the nature of any restrictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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