Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2011

Long-Term Debt

Maturities of Long-Term Debt

		Term Loan			Revolving Loans		Senior Unsecured Notes		Convertible Senior Notes (1)			MARAD Debt			Total
Less than one year	$	3,000		$	0	$	0	$	0		$	4,759		$	7,759
One to two years		3,000			0		0		0			4,997			7,997
Two to three years		3,000			0		0		0			5,247			8,247
Three to four years		3,000			0		0		0			5,508			8,508
Four to five years		287,250			0		550,000		0			5,783			843,033
Over five years		0			0		0		300,000			86,222			386,222
Total debt		299,250			0		550,000		300,000			112,516			1,261,766
Current maturities		(3,000	)		0		0		0			(4,759	)		(7,759	)
Long-term debt, less    current maturities	$	296,250		$	0	$	550,000	$	300,000		$	107,757		$	1,254,007
Unamortized debt discount (2)		0			0		0		(14,114	)		0			(14,114	)
Long-term debt	$	296,250		$	0	$	550,000	$	285,886		$	107,757		$	1,239,893

(1)Beginning in December 2012, the holders may require us to repurchase the notes or we may at our own option elect to repurchase the notes. The notes will mature in March 2025.

(2)The notes will increase to the $300 million face amount through accretion of non-cash interest charges through 2012. 

Interest Expense and Capitalized Interest

		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2011			2010			2011			2010
		(in thousands)
Interest expense	$	26,029		$	24,597		$	50,796		$	48,946
Interest income		(499	)		(199	)		(975	)		(397	)
Capitalized interest		(252	)		(3,875	)		(307	)		(12,391	)
Interest expense, net	$	25,278		$	20,523		$	49,514		$	36,158