XML 47 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Interest Expense
 6 Months Ended
Jun. 30, 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
 
Six Months Ended
 
June 30,
 
June 30,
 
2014
 
2013
 
2014
 
2013
Interest on borrowings and related fees
$
23,778

 
$
20,902

 
$
46,918

 
$
34,485

Accretion of original issue discount 1
—

 
110

 
—

 
431

Amortization of debt issuance costs
1,039

 
829

 
2,051

 
1,454

Capitalized interest 2
(1,588
)
 
(33
)
 
(3,206
)
 
(83
)
 
$
23,229

 
$
21,808

 
$
45,763

 
$
36,287

_____________________
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 unproved and proved undeveloped properties, including those acquired in the EF Acquisition, into production.