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Debt (Tables)
12 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
Long-Term Debt

As of December 31, 2014 and 2013, our long-term debt was as follows (in thousands):

 

 

2014

  

 

2013

 

2012 Credit Agreement:

  

 

  

  

 

 

 

Term loan, due November 2017 (or December 2016 if certain conditions exist – see below), interest at adjusted LIBOR plus 2.00% (combined rate of 2.25% at December 31, 2014)

$

 120,000

  

 

$

135,000

  

$100 million revolving loan facility, due November 2017 (or December 2016 if certain conditions exist – see below), 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 $14,169 and $19,950, respectively

  

 135,831

  

 

 

130,050

  

 

  

 255,831

  

 

 

265,050

  

Current portion of long-term debt

  

 (22,500

)

 

 

(15,000

Total long-term debt, net

$

 233,331

  

 

$

250,050

  

 

Estimated Maturities on Long-Term Debt

As of December 31, 2014, the estimated maturities of our long-term debt, based upon: (1) the mandatory repayment schedule for the 2012 Term Loan; and (2) the expected remaining life of the 2010 Convertible Notes, was as follows (in thousands):

 

 

  

2015

 

  

2016

 

  

2017

 

  

2018

 

  

Thereafter

 

2012 Term Loan

  

$

22,500

  

  

$

22,500

  

  

$

75,000

  

  

$

  

  

$

  

2010 Convertible Notes

  

 

  

  

 

  

  

 

150,000

  

  

 

  

  

 

  

Total long-term debt repayments

  

$

22,500

  

  

$

22,500

  

  

$

225,000

  

  

$

  

  

$

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