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Long-Term Debt and Other Borrowing Arrangements (Tables)
12 Months Ended
Dec. 31, 2011
Long-Term Debt and Other Borrowing Arrangements [Abstract]  
Carrying values of long-term debt and other borrowing arrangements

The carrying values of long-term debt and other borrowing arrangements were as follows:

 

                 
    December 31,  
    2011     2010  
    (In thousands)  

Senior subordinated notes, face amount of $350,000 due 2017, contractual interest rate 7.0%, effective interest rate 7.0%

  $ 350,000     $ 350,000  

Senior subordinated notes, face amount of $200,000 due 2019, contractual interest rate 9.25%, effective interest rate 9.75%

    200,926       201,155  

Senior secured credit facility, matures in 2016, interest based on LIBOR or the prime rate

           
   

 

 

   

 

 

 

Total debt and other borrowing arrangements

    550,926       551,155  

Less current maturities

           
   

 

 

   

 

 

 

Long-term debt and other borrowing arrangements

  $ 550,926     $ 551,155  
   

 

 

   

 

 

 
Senior subordinated notes due 2017 and 2019

The senior subordinated notes due 2017 and 2019 are redeemable after March 15, 2012 and June 15, 2014, respectively, at the following redemption prices as a percentage of the face amount of the notes:

 

                     

Senior Subordinated Notes due 2017

   

Senior Subordinated Notes due 2019

 

Year

  Percentage    

Year

  Percentage  

2012

    103.500  

2014

    104.625

2013

    102.333  

2015

    103.083

2014

    101.167  

2016

    101.542

2015 and thereafter

    100.000  

2017 and thereafter

    100.000
Maturities on outstanding long-term debt and other borrowings

Maturities on outstanding long-term debt and other borrowings during each of the five years subsequent to December 31, 2011 are as follows (in thousands):

 

         

2012

  $  

2013

     

2014

     

2015

     

2016

     

Thereafter

    550,000  
   

 

 

 
    $ 550,000