5. DEBT

Our long-term debt, as of March 31, 2013 and December 31, 2012, was as follows (in thousands):


	March 31, 2013	December 31, 2012

2012 Credit Agreement:
Term loan, due November 2017 (or December 2016 if certain conditions exist), interest at adjusted LIBOR plus 2.00% (combined rate of 2.29% at March 31, 2013 and 2.31% at December 31, 2012)	$ 146,250	$ 150,000
$100 million revolving loan facility, due November 2017 (or December 2016 if certain conditions exist), interest at adjusted LIBOR plus applicable margin	—	—
Convertible Debt Securities:
2010 Convertible Notes – senior subordinated convertible notes; due March 1, 2017; cash interest at 3.0%; net of unamortized OID of $24,003 and $25,302, respectively	125,997	124, 698

	272,247	274,698
Current portion of long-term debt	(15,000 )	(15,000 )

Total long-term debt, net	$ 257,247	$ 259,698

Credit Agreement. During the first quarter of 2013, we made $3.8 million of principal repayments.

As of March 31, 2013, we were in compliance with the financial ratios and other covenants related to the Credit Agreement and had no borrowings outstanding on our revolving loan facility and had the entire $100 million available to us.

2010 Convertible Notes. As of March 31, 2013, and as it relates to our 2010 Convertible Notes, none of the contingent conversion features have been achieved, and thus, the 2010 Convertible Notes are not convertible by the holders.

Upon conversion of the 2010 Convertible Notes, we will settle our conversion obligation as follows: (i) we will pay cash for 100% of the par value of the 2010 Convertible Notes that are converted; and (ii) to the extent the value of our conversion obligation exceeds the par value, we will satisfy the remaining conversion obligation in our common stock, cash or any combination of our common stock and cash. As of March 31, 2013, the value of our conversion obligation did not exceed the par value of the 2010 Convertible Notes.