Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2011

Long-term Debt [Abstract]

Long-term debt

As of December 31, 2011 and 2010, long-term debt consisted of the following (in thousands):

	2011		2010
US revolving credit facility, which matures December 10, 2015, with available commitments up to $500 million; secured by substantially all of our U.S. assets; commitment fee on unused portion ranged from 0.375% per annum to 0.500% in 2011 and 2010; variable interest rate payable monthly based on prime or LIBOR plus applicable percentage; weighted average rate was 2.8% for 2011 and 3.5% for 2010	$	68,065	$	345,600
US term loan, which matures December 10, 2015, of $200 million; 1.25% of aggregate principal repayable per quarter in 2011, 2.5% per quarter thereafter; secured by substantially all of our U.S. assets; variable interest rate payable monthly based on prime or LIBOR plus applicable percentage; weighted average rate was 2.6% for 2011 and 3.5% for 2010		190,000		200,000
Canadian revolving credit facility, which matures on December 10, 2015, with available commitments up to $250 million; secured by substantially all of our U.S. and Canadian assets; commitment fee on unused portion ranged from 0.375% per annum to 0.500% in 2011 and 0.175% per annum to 0.500% in 2010; variable interest rate payable monthly based on the Canadian prime rate or Bankers Acceptance discount rate plus applicable percentage; weighted average rate was 3.9% for 2011 and 3.6% for 2010		—		62,538
Canadian term loan, which matures December 10, 2015, of $100 million; 1.25% of aggregate principal repayable per quarter in 2011, 2.5% per quarter thereafter; secured by substantially all of our U.S. and Canadian assets; variable interest rate payable monthly based on prime or LIBOR plus applicable percentage; weighted average rate was 3.6% for 2011 and 4.5% for 2010		93,795		100,955
Australian revolving credit facility, which matures on October 15, 2013, with available commitments up to A$150 million; secured by substantially all of our Australian assets; variable interest rate payable monthly based on the Australian prime rate plus applicable percentage; weighted average rate was 6.9% for 2011		43,050		25,305
6 1/2% senior unsecured notes—due June 2019		600,000		—
2 3/8% contingent convertible senior subordinated notes, net due 2025		170,884		163,108
Subordinated unsecured notes payable to sellers of businesses, fixed interest rate of 6%, which mature in December 2012		4,000		4,000
Capital lease obligations and other debt		7,146		11,401
Total debt		1,176,940		912,907
Less: Current portion		34,435		181,175
Total long-term debt and capitalized leases	$	1,142,505	$	731,732

Maturities of combined long-term debt

Scheduled maturities of combined long-term debt as of December 31, 2011, are as follows (in thousands):

2012	$	205,318	(1)
2013		73,455
2014		30,364
2015		262,228
2016		273
Thereafter		605,302
	$	1,176,940

(1) As of December 31, 2011, we classified the $175.0 million principal amount of our 2 3/8% Notes, net of unamortized discount, as a noncurrent liability based on our ability and intent to refinance the 2 3/8% Notes utilizing borrowings available under our senior secured credit facilities.

Redemption date and percentage of principal amount

Twelve Month Period Beginning June 1,	% of Principal Amount
2014		104.875	%
2015		103.250	%
2016		101.625	%
2017		100.000	%

Carrying amount of notes in condensed consolidated balance sheets

The following table presents the carrying amount of our 2 3/8% Notes in our consolidated balance sheets (in thousands):

	December 31, 2011		December 31, 2010
Carrying amount of the equity component in additional paid-in capital	$	28,434	$	28,449
Principal amount of the liability component	$	174,990	$	175,000
Less: Unamortized discount		4,106		11,892
Net carrying amount of the liability	$	170,884	$	163,108

Interest expense excluding amortization of debt issue costs

	Year ended December 31,
	2011		2010		2009
Interest expense	$	11,942	$	11,405	$	10,905

	As of December 31, 2011
Remaining period over which discount will be amortized		6 months
Conversion price	$	31.75
Number of shares to be delivered upon conversion (1)		3,220,140
Conversion value in excess of principal amount (in thousands)	$	245,922
Derivative transactions entered into in connection with the convertible notes		None

(1)  Calculation is based on the Company’s December 30, 2011 closing stock price of $76.37.