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LONG-TERM OBLIGATIONS (Tables)
6 Months Ended
Jun. 30, 2012
Long-Term Debt

Long-term debt consisted of the following for the periods indicated (amounts in millions):

 

     June 30,
2012
    December 31,
2011
 

Senior Notes:

    

$35.0 million Series A Notes: semi-annual interest only payments; interest rate at 6.07% per annum; due March 25, 2013

   $ 35.0     $ 35.0  

$30.0 million Series B Notes: semi-annual interest only payments; interest rate at 6.28% per annum; due March 25, 2014

     30.0       30.0  

$35.0 million Series C Notes: semi-annual interest only payments; interest rate at 6.49% per annum; due March 25, 2015

     35.0       35.0  

$150.0 million Term Loan; $7.5 million principal payments plus accrued interest payable quarterly; interest rate at ABR Rate plus applicable percentage or Eurodollar Rate plus the applicable percentage (1.25% at June 30, 2012); due March 26, 2013

     22.5       37.5  

Promissory notes

     5.9       7.9  
  

 

 

   

 

 

 
     128.4       145.4  

Current portion of long-term obligations

     (60.7     (33.9
  

 

 

   

 

 

 

Total

   $ 67.7     $ 111.5