Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2012

Borrowings

Borrowings consist of the following:

(in thousands)	June 30, 2012			December 31, 2011
Term loan payable in quarterly installments with a final maturity of July 31, 2013	$	106,297		$	127,557
Capitalized lease obligations		1			15
Total		106,298			127,572
Less current portion		(79,724	)		(74,423	)
Long-term debt and capital lease obligations, net of current portion	$	26,574		$	53,149

Interest Expense on Term Loan and Amortization Related to Debt Financing Costs

The interest expense on the term loan and amortization related to debt financing costs were as follows:

	Three Months Ended
	June 30, 2012				June 30, 2011
(in thousands)	Interest Expense		Amortization		Interest Expense		Amortization
July 31, 2008 term loan	$	360	$	189	$	412	$	244

	Six Months Ended
	June 30, 2012				June 30, 2011
(in thousands)	Interest Expense		Amortization		Interest Expense		Amortization
July 31, 2008 term loan	$	788	$	393	$	831	$	496

Future Principal Payments on Term Loan

The required future principal payments on the Company’s term loan as of June 30, 2012 are scheduled as follows:

(in thousands)
September 30, 2012	$	26,575
December 31, 2012		26,574
March 31, 2013		26,574
July 31, 2013 (maturity)		26,574
Term loan balance payable as of June 30, 2012	$	106,297