XML 73 R36.htm IDEA: XBRL DOCUMENT v2.4.0.8
Debt (Tables)
12 Months Ended
Dec. 31, 2013
Debt Disclosure [Abstract]  
Components of Debt

Debt consisted of the following as of December 31, 2013 and 2012:

 

     December 31,  
     2013     2012  

Senior secured notes

   $ 210,000      $ 210,000   

Revolving credit facility

     —          —     

Original issue discount

     (381     (452
  

 

 

   

 

 

 

Total debt

     209,619        209,548   

Current maturities

     —          —     
  

 

 

   

 

 

 
   $ 209,619      $ 209,548   
  

 

 

   

 

 

 
Summary of Future Maturities of Long Term Debt Obligations

At December 31, 2013 the Company’s future maturities of long-term debt obligations are as follows:

 

     2014      2015      2016      2017      2018      Thereafter      Total  

Senior secured notes

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

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Fair Value of Senior Secured Notes Based on Quoted Market Prices

The fair value of the Senior Secured Notes at December 31, 2013 and 2012 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,  
     2013      2012  

Carrying amount, net

   $ 210,000       $ 210,000   

Fair value

   $ 228,375       $ 226,800