Debt (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Obligation Under Borrowings

The Company is obligated under borrowings as follows (in thousands):

	December 31, 2013			December 31, 2012
Encore revolving credit facility	$	356,000		$	258,000
Encore term loan facility		140,625			148,125
Encore senior secured notes		58,750			72,500
Encore convertible notes		287,500			115,000
Less: Debt discount		(42,240	)		(14,442	)
Propel facility		152,292			117,601
Propel Wells Fargo facility		18,338			—
Cabot senior secured notes		603,272			—
Add: Debt premium		43,583			—
Preferred equity certificates		199,821			—
Capital lease obligations		12,219			9,252
Other		20,271			—
	$	1,850,431		$	706,036

Balances of the Liability and Equity Components

The balances of the liability and equity components of all of the convertible notes outstanding were as follows (in thousands):

	December 31,  2013			December 31, 2012
Liability component—principal amount	$	287,500		$	115,000
Unamortized debt discount		(42,240	)		(14,442	)
Liability component—net carrying amount	$	245,260		$	100,558
Equity component	$	46,954		$	14,702

Summary of Debt Including Capital Lease Obligations Maturities

The aggregate amounts of the Company’s debt, including PECs, accrued interests on PECs, and capital lease obligations, maturing in each of the next five years and thereafter are as follows:

	In thousands
2014	$	40,989
2015		226,906
2016		28,459
2017		573,622
2018		2,655
Thereafter		976,458
Total(1)	$	1,849,089

⁽¹⁾  On February 25, 2014, the Company amended its Credit Facility. The restated Credit Facility has a five-year maturity, expiring in February 2019, except with respect to two subtranches of the term loan facility of $60.0 million and $6.3 million, expiring in February 2017 and November 2017, respectively. The maturity schedule in the table above does not reflect the amended maturity schedule for the restated Credit Facility.

Cabot Senior Secured Notes [Member]

Interest Expense

Interest expense related to the Cabot Notes was as follows (in thousands):

	Year Ended December 31, 2013
Interest expense—stated coupon rate	$	27,496
Interest income—appreciation of debt premium		(2,826	)
Total interest expense—Cabot Notes	$	24,670

Convertible Notes [Member]

Interest Expense

Interest expense related to the convertible notes was as follows (in thousands):

	December 31, 2013		December 31, 2012
Interest expense—stated coupon rate	$	6,108	$	307
Interest expense—amortization of debt discount		4,492		260
Total interest expense—convertible notes	$	10,600	$	567