Long-Term Debt And Capital Lease Obligations

3 Months Ended

Mar. 31, 2012

Long-Term Debt And Capital Lease Obligations [Abstract]

Long-Term Debt And Capital Lease Obligations

9. Long-term Debt and Capital Lease Obligations

The components of long-term debt and capital lease obligations are presented in the table below:


	March 31, 2012		December 31, 2011
7³/4% senior notes due 2016^(a)	$	220,306	$	220,555
6³/4% senior notes due 2020		400,000		400,000
3³/4% senior subordinated convertible notes due 2012^(b)		148,270		146,867
Notes payable to former shareholders of acquired business		29,349		29,445

Total debt		797,925		796,867
Less current portion		154,619		153,312

Long-term debt, net of current portion		643,306		643,555

Total capital lease obligations		63		94
Less current portion		39		70

Capital lease obligations, net of current portion		24		24

Long-term debt and capital lease obligations, net of current portion	$	643,330	$	643,579

^(a)	Balance includes $215.0 million principal amount of 2016 Notes including a premium of $5.3 million at March 31, 2012 and $5.6 million at December 31, 2011.

^(b)	Balance includes $149.9 million principal amount of Convertible Notes net of discount of $1.7 million at March 31, 2012 and $3.1 million at December 31, 2011.

Convertible Notes

Our Convertible Notes are convertible at the option of the holder during any conversion period if the per share closing price of our common stock exceeds the conversion threshold price of $37.50 for at least 20 trading days in the 30 consecutive trading day period ending on the first day of such conversion period. A conversion period is the period from and including the eleventh trading day in a fiscal quarter up to but not including the eleventh trading day of the following fiscal quarter. As of March 31, 2012, the Convertible Notes are classified as current given that the scheduled maturity date is July 15, 2012.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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