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DEBT (Tables)
6 Months Ended
Jun. 30, 2014
Debt Disclosure [Abstract]  
Long-Term Debt
Long-term debt consists of the following (in thousands):
 
 
 
June 30,
 
December 31,
 
 
 
2014
 
2013
 
Convertible senior notes
 
$
150,000
 
$
150,000
 
Term loan credit agreement
 
 
213,538
 
 
234,923
 
Industrial revenue bond
 
 
1,884
 
 
2,119
 
 
 
$
365,422
 
$
387,042
 
Less: unamortized discount
 
 
(22,063)
 
 
(24,907)
 
Less: current portion
 
 
(3,255)
 
 
(3,245)
 
 
 
$
340,104
 
$
358,890
 
Equity and Liability Components of Notes
The following table summarizes information about the equity and liability components of the Notes (dollars in thousands). The fair value of the Notes outstanding were measured based on quoted market prices.
 
 
 
June 30,
 
December 31,
 
 
 
2014
 
2013
 
Principal amount of the Notes outstanding
 
$
150,000
 
$
150,000
 
Unamortized discount of liability component
 
 
(17,420)
 
 
(19,372)
 
Net carrying amount of liability component
 
 
132,580
 
 
130,628
 
Less: current portion
 
 
-
 
 
-
 
Long-term debt
 
$
132,580
 
$
130,628
 
Carrying value of equity component, net of issuance costs
 
$
20,993
 
$
20,993
 
Remaining amortization period of discount on the liability component
 
 
3.8 years
 
 
4.3 years
 
Contractual Coupon Interest Expense and Accretion Of Discount On Liability
Contractual coupon interest expense and accretion of discount on the liability component for the Notes for the three and six month periods ended June 30, 2014 were as follow (in thousands):
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
 
2014
 
2013
 
2014
 
2013
 
Contractual coupon interest expense
 
$
1,266
 
$
1,266
 
$
2,531
 
$
2,531
 
Accretion of discount on the liability component
 
$
985
 
$
919
 
$
1,953
 
$
1,823