Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2014

Schedule Of Maturities Of Long-Term Debt


		Term Loan		MARAD Debt		2032 Notes (1)		Total

Less than one year	$	18,750	$	5,644	$	-	$	24,394
One to two years		30,000		5,926		-		35,926
Two to three years		30,000		6,222		-		36,222
Three to four years		30,000		6,532		-		36,532
Four to five years		172,500		6,858		-		179,358
Over five years		-		63,610		200,000		263,610
Total debt		281,250		94,792		200,000		576,042
Current maturities		(18,750)		(5,644)		-		(24,394)
Long-term debt, less current maturities		262,500		89,148		200,000		551,648
Unamortized debt discount (2)		-		-		(22,367)		(22,367)
Long-term debt	$	262,500	$	89,148	$	177,633	$	529,281

(1) Beginning in March 2018, the holders of our Convertible Senior Notes due 2032 may require us to repurchase these notes or we may at our option elect to repurchase these notes. The notes will mature in March 2032.

(2) Our Convertible Senior Notes due 2032 will increase to their face amount through accretion of non-cash interest charges through March 2018.

Schedule Of Deferred Financing Costs


		September 30, 2014						December 31, 2013
		Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net

Term Loan (matures June 2018) (1)	$	3,638	$	(909)	$	2,729	$	3,638	$	(364)	$	3,274
Revolving Credit Facility (matures June 2018) (1)		13,275		(3,319)		9,956		13,275		(1,327)		11,948
2032 Notes (mature March 2032)		3,759		(1,609)		2,150		3,759		(1,148)		2,611
MARAD Debt (matures February 2027)		12,200		(6,101)		6,099		12,200		(5,736)		6,464
Nordea Term Loan		3,143		-		3,143		-		-		-
Total deferred financing costs	$	36,015	$	(11,938)	$	24,077	$	32,872	$	(8,575)	$	24,297

(1) Relates to amounts allocated to the existing Term Loan and Revolving Credit Facility, which became effective in June 2013.

Schedule Of Interest Expense And Capitalized Interest


		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2014		2013		2014		2013 (1)

Interest expense	$	8,952	$	9,416	$	24,474	$	35,971
Interest income		(2,741)		(271)		(4,113)		(903)
Capitalized interest		(2,355)		(2,560)		(7,505)		(6,816)
Net interest expense	$	3,856	$	6,585	$	12,856	$	28,252

(1) Interest expense amount includes $2.8 million for the three-month period ended March 31, 2013 that was allocated to ERT and is included in discontinued operations. Following the sale of ERT in February 2013, we ceased allocating interest expense to ERT, which then constituted a discontinued operation.