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Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2011

The following table summarizes our long-term debt as of the periods presented:

	June 30,		December 31,
	2011		2010
Revolving credit facility	$	-	$	-
Senior notes due 2016, net of discount (principal amount of $300,000)		293,009		292,487
Senior notes due 2019		300,000		-
Convertible notes due 2012, net of discount (principal amount of $4,915 and $230,000)		4,659		214,049
	$	597,668	$	506,536

4.5% Convertible Notes due 2012

Summary of Long-Term Debt

The following table summarizes the carrying amount of the components of the Convertible Notes as of the periods presented:

	June 30,			December 31,
	2011			2010
Principal	$	4,915		$	230,000
Unamortized discount		(256	)		(15,951	)
Net carrying amount of liability component	$	4,659		$	214,049
Carrying amount of equity component	$	35,201		$	36,850

Convertible Notes Tender Offer

The loss charged to earnings was determined as follows:

Cash paid to repurchase principal:
Allocated to liability component	$	231,331
Allocated to equity component		1,632
	$	232,963

Carrying value of liability component tendered:
Principal amount of Convertible Notes tendered	$	225,085
Pro rata share of original issue discount		(13,429	)
	$	211,656

Loss on extinguishment of debt:
Excess of liability component over carrying value	$	19,675
Write-off of pro rata share of debt issuance costs		2,147
Non-cash portion of loss on extinguishment		21,822
Transaction costs and fees paid		2,416
Pre-tax loss on extinguishment	$	24,238

Components of Interest Expense attributable to the Convertible Notes

The following table summarizes the amounts recognized as components of interest expense attributable to the Convertible Notes for the periods presented:

	Three Months Ended June 30,				Six Months Ended June 30,
	2011		2010		2011		2010
Contractual interest expense	$	421	$	2,587	$	3,009	$	5,175
Accretion of original issue discount		318		1,817		2,265		3,609
Amortization of debt issuance costs		55		310		389		641
	$	794	$	4,714	$	5,663	$	9,425

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

+ Details

- Definition

Tabular disclosure of debt extinguished which may include, amount of gain (loss), the income tax effect and the per share amount of the aggregate gain (loss), net of the related income tax.

+ References+ Details