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Debt (Tables)
12 Months Ended
Dec. 31, 2012
Summary of Debt

Debt consisted of the following at December 31 (in thousands):

 

     2012      2011  

7.875% senior secured notes due April 15, 2019

   $ 250,000       $ 250,000   
Margin for Borrowings under Revolving Credit Facility

The applicable margin for borrowings under the revolving credit facility is based upon the fixed charge coverage ratio for the most recently ended fiscal quarter, as follows:

 

Level

  

Ratio

   Domestic Base
Rate Loans
    LIBOR
Revolver Loans
 

III

   £ 1.25 to 1.00      1.50     2.50

II

   ³ 1.25 to 1.00 but < 1.75 to 1.00      1.25     2.25

I

   ³ 1.75 to 1.00      1.00     2.00