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Long-Term Debt (Details) (USD $)
Share data in Thousands, unless otherwise specified |
12 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Dec. 31, 2011
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Dec. 31, 2010
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Dec. 31, 2009
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Dec. 31, 2011
Amended Credit Facility
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Dec. 31, 2011
Amended Credit Facility
Scheduled Principal Payment
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Dec. 31, 2011
Amended Credit Facility
Estimated Excess Cash Flow Principal Payment
|
Dec. 31, 2011
Term Loans
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Jul. 26, 2011
Term Loans
|
Dec. 31, 2011
Revolving Loans
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Jul. 26, 2011
Revolving Loans
|
Apr. 30, 2010
Prior Credit Facilities
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Dec. 31, 2010
Prior Credit Facilities
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Dec. 31, 2009
Prior Credit Facilities
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May 31, 2011
Revolving Credit Facility
year
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Dec. 31, 2011
Revolving Credit Facility
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| Long-term debt | |||||||||||||||
| Less unamortized discount | $ (4,517,000) | ||||||||||||||
| Subtotal | 483,033,000 | 487,550,000 | |||||||||||||
| Less current portion | (4,900,000) | ||||||||||||||
| Long-term portion | 478,133,000 | ||||||||||||||
| Maximum borrowing capacity | 120,000,000 | 185,000,000 | 150,000,000 | ||||||||||||
| Maximum borrowing capacity before amendment | 490,000,000 | ||||||||||||||
| Original issue discount (as a percent) | 1.00% | ||||||||||||||
| Increase in effective interest rate due to original issue discount (as a percent) | 0.18% | 0.42% | |||||||||||||
| LIBOR | LIBOR | LIBOR | |||||||||||||
| LIBOR plus interest rate (as a percent) | 4.50% | ||||||||||||||
| Interest rate for term loan (as a percent) | 5.75% | ||||||||||||||
| Quarterly principal payment | 1,225,000 | ||||||||||||||
| Annual principal payment | 4,900,000 | ||||||||||||||
| Maximum percentage of mandatory prepayments of excess cash flow depending on consolidated leverage ratio | 50.00% | ||||||||||||||
| Interest rate terms | bear interest at the alternative base rate or LIBOR, plus the applicable margin for each rate that fluctuates with the consolidated leverage ratio. | ||||||||||||||
| Funds available under credit facility | 119,600,000 | ||||||||||||||
| Debt issuance costs | 12,019,000 | 2,236,000 | 12,000,000 | ||||||||||||
| Effective interest rate under the Term Loans (as a percent) | 6.40% | ||||||||||||||
| Maturity period (in years) | 5 | ||||||||||||||
| Termination of interest rate swap | 2,700,000 | ||||||||||||||
| Principal payments required for the next five years | |||||||||||||||
| Total 2012 | 4,900,000 | 4,900,000 | |||||||||||||
| Total 2013 | 55,062,000 | 4,900,000 | 50,162,000 | ||||||||||||
| Total 2014 | 36,346,000 | 4,900,000 | 31,446,000 | ||||||||||||
| Total 2015 | 39,959,000 | 4,900,000 | 35,059,000 | ||||||||||||
| Total 2016 | 42,159,000 | 4,900,000 | 37,259,000 | ||||||||||||
| Common stock, shares issued | 3,700 | ||||||||||||||
| Proceeds from issuance of shares | 107,917,000 | 52,487,000 | 108,000,000 | ||||||||||||
| Retirement of outstanding debt | 97,000,000 | ||||||||||||||
| Write-off of deferred loan fees to interest expense | 2,900,000 | ||||||||||||||
| Reclassification of accumulated interest rate swap losses from accumulated other comprehensive loss to interest expense | $ 2,100,000 | ||||||||||||||