XML 48 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Interest Expense
 3 Months Ended
Mar. 31, 2014
Banking and Thrift [Abstract]  
Interest Expense
Interest Expense
 
The following table summarizes the components of interest expense for the periods presented:
 
 
 
Three Months Ended
 
 
 
March 31,
 
 
 
 
 
2014
 
2013
Interest on borrowings and related fees
 
 
 
 
$
23,140

 
$
13,583

Accretion of original issue discount 1
 
 
 
 
—

 
321

Amortization of debt issuance costs
 
 
 
 
1,012

 
626

Capitalized interest 2
 
 
 
 
(1,618
)
 
(51
)
 
 
 
 
 
$
22,534

 
$
14,479

_____________________
1 Represents accretion of original issue discount attributable to the 10.375% Senior Notes due 2016 that were retired in 2013.
2 The increase in capitalized interest in 2014 is attributable to a significant increase in qualifying activities that are in process to bring our Eagle Ford Shale unproved and proved undeveloped properties, including those acquired in the EF Acquisition, into production.