Long Term Debt (Tables)

6 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

Schedule of Long-term Debt Balances

Long-term debt for the Company at June 30, 2013 and December 31, 2012 is shown below (in thousands):

	June 30, 2013			December 31, 2012
New Term Loan, due 2019 (weighted average rate of 7.50%) (a)	$	638,400		$	—
Discount on New Term Loan (b)	(18,451		)	—
Notes, 8.75%, due 2019 (c)	300,000			—
Old Term Loan, due 2016 (weighted average rate of 6.50%)(d)	—			957,000
Total long-term debt	919,949			957,000
Less: current portion	(6,400		)	(10,000		)
Total long-term debt, net of current portion	$	913,549		$	947,000

(a) The estimated fair value of the Company's New Term Loan (as defined below) at June 30, 2013 was approximately $627.2 million based on market prices of the Company's debt securities at the balance sheet date, which falls within Level 2 of the fair value hierarchy.

(b) The $19.4 million discount, at the date of distribution, on the New Term Loan (as defined below) will be amortized using the effective interest method over the term of the senior secured credit facility due 2019.

(c) The estimated fair value of the Notes (as defined below) at June 30, 2013 was approximately $294.0 million based on market prices of the Company's debt securities at the balance sheet date, which falls within Level 2 of the fair value hierarchy.

(d) The estimated fair value of the Old Term Loan (as defined below) at December 31, 2012 was approximately $929.5 million based on market prices of the Company's debt securities at the balance sheet date, which falls within Level 2 of the fair value hierarchy.

Schedule of Maturities of Long-term Debt

The approximate aggregate maturities of long-term debt, excluding the debt discount on the New Term Loan (as defined below), for each of the five years subsequent to June 30, 2013 and thereafter are as follows (in thousands):

Trailing twelve months ending June 30,	Balance Due
2014	$	6,400
2015	6,400
2016	6,400
2017	6,400
2018	6,400
Thereafter	906,400
Total long-term debt, including current portion	$	938,400