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Debt (Tables)
12 Months Ended
Dec. 31, 2012
Debt [Abstract]  
Components of debt

Debt consisted of the following as of December 31, 2012 and 2011:

 

                 
    December 31,  
     2012     2011  

Term loan

    —       $ 198,923 (1)  

Senior secured notes

    210,000       —    

Revolving credit facility

    —         —    

Original issue discount

    (452     —    
   

 

 

   

 

 

 

Total debt

    209,548       198,923  

Current maturities

    —         (2,043
   

 

 

   

 

 

 
    $ 209,548     $ 196,880  
   

 

 

   

 

 

 

 

(1) Term loan is reflected net of unamortized discount of $1,306.
Summary of future maturities of long term debt obligations

At December 31, 2012 the Company’s future maturities of long-term debt obligations are as follows:

 

                                                         
     2013     2014     2015     2016     2017     Thereafter     Total  

Senior secured notes

    —         —         —         —         —         210,000     $ 210,000  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Fair value of senior secured term loan based on quoted market prices

The fair value of the Senior Secured Notes at December 31, 2012 and the senior secured term loan at December 31, 2011 are Level 2 estimates within the fair value hierarchy prescribed by ASC 820 Fair Value Measurements and is estimated based on quoted market prices as follows:

 

                 
     Year ended December 31,  
     2012     2011  

Carrying amount, net

  $ 210,000     $ 198,923  

Fair value

  $ 226,800     $ 198,247