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Long Term Debt (Tables)
12 Months Ended
Dec. 31, 2013
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Balances
Long-term debt for the Company at December 31, 2013 and 2012 is shown below (in thousands):
 
 
December 31, 2013
 
December 31, 2012
 
 
 
 
New Term Loan, due 2019 (weighted average rate of 7.50%)
$
635,200

 
$

Discount on New Term Loan (a)
(17,078
)
 

Notes, 8.75%, due 2019
300,000

 

Old Term Loan, due 2016 (weighted average rate of 6.50%)

 
957,000

Total long-term debt
$
918,122

 
$
957,000

Less: current portion
(6,400
)
 
(10,000
)
Total long-term debt, net of current portion
$
911,722

 
$
947,000

(a)
The $17.1 million discount on the New Term Loan (as defined below) is being amortized using the effective interest method over the term of the New Term Loan (as defined below) due 2019.
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 December 31, 2013 are as follows (in thousands):
 
Year ending December 31,
Balance Due
2014
$
6,400

2015
6,400

2016
6,400

2017
6,400

2018
6,400

Thereafter
903,200

Total long-term debt, including current portion
$
935,200