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Debt (Tables)
 12 Months Ended
Dec. 31, 2012
Debt Disclosure [Abstract]  
Redemption price percentage by period [Table Text Block]
CBII and CBL may also redeem the 7.875% Notes as follows:
If redeemed during the 12-month period commencing February 1,
 
Redemption Price
2016
 
105.906
%
2017
 
103.938
%
2018
 
101.969
%
2019 and thereafter
 
100.000
%
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments
Debt as of the balance sheet dates consists of the following:
 
 
December 31, 2012
 
December 31, 2011
 
Carrying
 
Estimated
 
Carrying
 
Estimated
(In thousands)
Value
 
Fair Value
 
Value
 
Fair Value
Parent company1:
 
 
 
 
 
 
 
 
7½% Senior Notes due 2014
 
$
106,438

 
$
106,000

 
$
106,438

 
$
107,000

4.25% Convertible Senior Notes due 2016
 
153,082

 
174,000

 
143,367

 
172,000

Subsidiaries2:
 
 
 
 
 
 
 
 
Credit Facility Revolving Loan
 
40,000

 
38,000

 
—

 
—

Credit Facility Term Loan
 
305,250

 
296,000

 
321,750

 
321,000

Other
 
755

 
700

 
924

 
900

Less current portion
 
(65,008
)
 
 
 
(16,774
)
 
 
Total long-term debt
 
$
540,517

 
 
 
$
555,705

 
 
1 
The fair value of the parent company debt is based on observable inputs, which include quoted prices for similar assets or liabilities in an active market and market-corroborated inputs (Level 2). See also Note 12 for discussion of fair value.
2 
Credit facilities and other subsidiary debt may be traded on the secondary loan market, and the fair value of the Term Loan is based on either the last available trading price, if recent, or trading prices of comparable debt (Level 3). See also Note 12 for discussion of fair value.
Schedule of Maturities of Long-term Debt
Debt maturities are as follows:
(In thousands)
 
2013
$
65,008

2014
139,671

2015
33,224

2016
414,528

2017
12

Later years
—
Schedule of the Financial Maintenance Covenants During the Covenant Amendment Period
During the Covenant Amendment Period, the financial maintenance covenants are as follows:
Period(s) Ending
CBL Leverage Ratio no higher than:
Fiscal quarters ending 6/30/2012 - 12/31/2012
6.50x
Fiscal quarter ending 3/31/2013
5.75x
Fiscal quarter ending 6/30/2013
4.50x
Fiscal quarter ending 9/30/2013
4.00x
Fiscal quarter ending 12/31/2013 and the end of any fiscal quarter ended thereafter
3.50x
 
 
Period(s) Ending
Fixed Charge Coverage Ratio at least:
Fiscal quarters ending 6/30/2012 - 6/30/2013
1.00x
Fiscal quarter ending 9/30/2013 and the end of any fiscal quarter ended thereafter
1.15x
Carrying Amounts of Convertible Debt and Equity Components
The carrying amounts of the debt and equity components of the Convertible Notes are as follows:
 
December 31,
(In thousands)
2012
 
2011
Principal amount of debt component1
$
200,000


$
200,000

Unamortized discount
(46,918
)

(56,633
)
Net carrying amount of debt component
$
153,082


$
143,367

 
 
 
 
Equity component
$
84,904

 
$
84,904

Issuance costs and income taxes
(3,210
)
 
(3,210
)
Equity component, net of issuance costs and income taxes
$
81,694


$
81,694

1 
As of December 31, 2012 and 2011, the Convertible Notes' “if-converted” value did not exceed their principal amount because the company's common stock price was below the conversion price of the Convertible Notes.
Convertible Notes Interest Expense
The interest expense related to the Convertible Notes was as follows:
 
December 31,
(In thousands)
2012

2011

2010
4.25% coupon interest
$
8,500


$
8,500


$
8,500

Amortization of deferred financing fees
469


469


469

Amortization of discount on the debt component
9,715


8,606


7,623

 
$
18,684


$
17,575


$
16,592