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LONG-TERM DEBT (Tables)
9 Months Ended
Sep. 30, 2011
Long-Term Debt

As of September 30, 2011 and December 31, 2010, the components of our long-term debt were as follows:

 

     September 30,
2011
     December 31,
2010
 
     (in thousands)  

6.75% Senior Notes due 2021

   $ 475,000       $ 0   

8.375% Senior Notes due 2014

     3,573         425,000   

Senior Secured Credit Facility revolving loans due 2016

     265,000         0   

Capital lease obligations

     3,019         6,100   
  

 

 

    

 

 

 

Total debt

     746,592         431,100   

Less current portion

     2,283         3,979   
  

 

 

    

 

 

 

Long-term debt and capital leases

   $ 744,309       $ 427,121   
  

 

 

    

 

 

 
Redemption Prices (Expressed as Percentages of the Principal Amount Redeemed)

Year

   Percentage  

2016

     103.375

2017

     102.250

2018

     101.125

2019 and thereafter

     100.000 %
Indebtedness Ratio
 
Financial ratio

Fiscal Quarter Ending

   Ratio  

September 30, 2011 through March 31, 2012

     50

June 30, 2012 through September 30, 2012

     47.5

December 31, 2012 and thereafter

     45 %
Collateral Coverage Ratio
 
Financial ratio

Fiscal Quarter Ending

   Ratio  

September 30, 2011 through June 30, 2012

     1.85 to 1.00   

September 30, 2012 and thereafter

     2.00 to 1.00