XML 64 R40.htm IDEA: XBRL DOCUMENT v2.4.0.6
Long-Term Debt and Capital Lease Obligations (Tables)
12 Months Ended
Dec. 31, 2012
Components of Long-Term Debt and Capital Lease Obligations

     December 31,  
     2012      2011  

7 3/4% senior notes due 2016 (a)

     —           220,555   

6 3/4% senior notes due 2020

     400,000         400,000   

6.0% senior notes due 2022

     300,000         —     

3 3/4% convertible senior subordinated notes due 2012 (b)

     —           146,867   

Notes payable to former shareholders of acquired businesses

     23,000         29,445   
  

 

 

    

 

 

 

Total debt

     723,000         796,867   

Less current portion

     6,000         153,312   
  

 

 

    

 

 

 

Long-term debt, net of current portion

     717,000         643,555   
  

 

 

    

 

 

 

Total capital lease obligations

     45         94   

Less current portion

     21         70   
  

 

 

    

 

 

 

Capital lease obligations, net of current portion

     24         24   
  

 

 

    

 

 

 

Long-term debt and capital lease obligations, net of current portion

   $ 717,024       $ 643,579   
  

 

 

    

 

 

 

 

(a)

Balance at December 31, 2011 includes $215.0 million principal amount of our 2016 Notes plus unamortized deferred gain of $5.6 million.

(b)

Balance at December 31, 2011 includes $149.9 million principal amount of Convertible Notes net of discount of $3.1 million.

Schedule Of Liability And Equity Components Of Convertible Notes

The following table summarizes the liability and equity components of our Convertible Notes at December 31, 2011:

 

     December 31,
2011
 

Liability component:

  

Principal

   $ 149,940   

Unamortized discount

     (3,073
  

 

 

 

Balance of 3  3/4% convertible notes due 2012

   $ 146,867   
  

 

 

 

Equity component (recorded in additional paid-in capital)

   $ 18,019   
  

 

 

 
Schedule Of Interest Cost On Convertible Notes

The discount on the liability component was amortized over the remaining term of the Convertible Notes through July 15, 2012 using the effective interest method. The effective interest rate on the Convertible Notes is 7  5/8%. The components of interest cost on the Convertible Notes for the years ended December 31, 2012 and 2011 were as follows:

 

     Year Ended
December 31,
 
     2012      2011  

Contractual interest

   $ 3,038       $ 5,623   

Amortization of debt discount

     3,073         5,352   

Amortization of deferred note issue costs

     251         641   
  

 

 

    

 

 

 

Total interest expense

   $ 6,362       $ 11,616   
  

 

 

    

 

 

 

Schedule Of Maturities Of Long-Term Debt

For years subsequent to December 31, 2012, scheduled annual maturities of long-term debt outstanding at December 31, 2012 are as follows:

 

     Long-term
Debt
     Capital
Lease
Obligations
     Total  

2013

   $ 6,000       $ 21       $ 6,021   

2014

     6,000         24         6,024   

2015

     11,000         —           11,000   

2016

     —           —           —     

2017

     —           —           —     

Thereafter

     700,000         —           700,000   
  

 

 

    

 

 

    

 

 

 
   $ 723,000       $ 45       $ 723,045   
  

 

 

    

 

 

    

 

 

 
6.0% Senior Notes Due 2022
 
Schedule Of Redemption Price Percentage

The 2022 Notes are subject to redemption at our option, in whole or in part, at any time after November 15, 2017, upon not less than 30 nor more than 60 days prior notice at the following redemption prices (expressed as percentages of the principal amount to be redeemed) set forth below, plus accrued and unpaid interest, if any, to, but excluding, the redemption date.

 

Year

   Redemption Price  

2017

     103.000

2018

     102.000

2019

     101.000

2020 and thereafter

     100.000
6 3/4 % Senior Notes Due 2020
 
Schedule Of Redemption Price Percentage

The 2020 Notes are subject to redemption at our option, in whole or in part, at any time after October 1, 2015, upon not less than 30 nor more than 60 days’ prior notice at the following redemption prices (expressed as percentages of the principal amount to be redeemed) set forth below, plus accrued and unpaid interest, if any, to, but excluding, the redemption date:

 

Year

   Redemption Price  

2015

     103.375

2016

     102.250

2017

     101.125

2018 and thereafter

     100.000
7 3/4 % Senior Notes Due 2016
 
Schedule Of Redemption Price Percentage

We had the option to redeem some or all of these notes at the redemption prices (expressed as percentages of the principal amount) set forth below plus accrued and unpaid interest on the notes redeemed to the applicable redemption date, if redeemed during the twelve month period beginning on October 1, of the years indicated below, subject to the rights of holders of notes on the relevant record date to receive interest, if any, to, but excluding, the relevant interest payment date:

 

Year

   Percentage  

2011

     103.875

2012

     102.583

2013

     101.292

2014 and thereafter

     100.000