Debt (Tables)

9 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

Schedule of debt instruments

Debt consisted of the following (dollars in thousands):

	September 30, 2014			December 31, 2013			Weighted Average Stated Interest Rate at September 30, 2014	Final Maturity
2011 term loan A(1)	$	—		$	406,566		—	—
2011 term loan B(2)	978,178			978,178			7.25%	2018
Revolving credit facility(2)	—			—			—	2016/2017
9.875% senior notes(3)	440,000			500,000			9.875%	2020
8.50% senior notes	450,000			450,000			8.50%	2021
9.50% senior secured notes	450,000			450,000			9.50%	2019
9.50% add-on senior secured notes	200,000			—			9.50%	2019
9.50% add-on senior secured notes	320,000			—			9.50%	2019
11.00% / 12.00% senior secured PIK toggle notes	350,000			—			11.00%	2020
Other(4)	21,877			14,876			Various	Various
Debt discount, net	(19,658		)	(20,788		)	—	—
Total debt	3,190,397			2,778,832
Less: current debt(4)	(14,178		)	(9,210		)
Total long-term debt	$	3,176,219		$	2,769,622

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(1) On March 27, 2014, the Company issued $200.0 million9.50% Senior Notes due 2019 and $350.0 million11.00%/12.00% Senior Secured PIK toggle notes due 2020 and utilized the proceeds to repay in full term loan A debt, increase liquidity and pay related fees and expenses.

(2) As of September 30, 2014, the revolving credit facility and term loan B interest rates were tied to LIBOR or CDOR, plus a credit spread of 550 basis points for the revolving credit facility ("revolver") and 675 basis points with a minimum LIBOR floor of 100 basis points for the term loan B.

(3) On April 23, 2014 and August 7, 2014, the Company issued an aggregate of 3.15 million shares and 2.25 million shares of its common stock, respectively, in exchange for $35.0 million and $25.0 million of its 9.875% Senior Notes due 2020, respectively. The Company recognized a net gain of $9.9 million and $21.3 million for the three and nine months ended September 30, 2014, respectively, in gain (loss) on extinguishment of debt in the Condensed Consolidated Statements of Operations.

(4) Includes capital lease obligations and an equipment financing agreement.

Minimum debt repayment schedule, excluding interest

The Company's minimum debt repayment schedule, excluding interest, as of September 30, 2014 is as follows (in thousands):

	Payments Due
	2014		2015		2016		2017		2018		Thereafter
2011 term loan B	$	—	$	—	$	—	$	—	$	978,178	$	—
9.875% senior notes	—		—		—		—		—		440,000
8.50% senior notes	—		—		—		—		—		450,000
9.50% senior secured notes	—		—		—		—		—		450,000
9.50% add-on senior secured notes	—		—		—		—		—		200,000
9.50% add-on senior secured notes	—		—		—		—		—		320,000
11.0% / 12.0% senior secured PIK toggle notes	—		—		—		—		—		350,000
Other	3,580		12,535		5,762		—		—		—
	$	3,580	$	12,535	$	5,762	$	—	$	978,178	$	2,210,000