|
Long-Term Debt (Details) (USD $)
|
3 Months Ended |
|
|
|
Mar. 31, 2012
|
Dec. 31, 2011
|
Jul. 26, 2011
|
| Long-term debt |
|
|
|
| Less unamortized discount |
$ (4,305,000) |
$ (4,517,000) |
|
| Subtotal |
457,020,000 |
483,033,000 |
|
| Less current portion |
(21,638,000) |
(4,900,000) |
|
| Long-term debt, net of current portion |
435,382,000 |
478,133,000 |
|
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Amended Credit Facility
|
|
|
|
| Long-term debt |
|
|
|
| Increase in effective borrowing rate (as a percent) |
0.42% |
|
|
| Debt issuance costs |
12,000,000 |
|
|
|
Term Loans
|
|
|
|
| Long-term debt |
|
|
|
| Subtotal |
461,325,000 |
487,550,000 |
|
| Maximum borrowing capacity |
|
|
490,000,000 |
| Original issue discount (as a percent) |
1.00% |
|
|
| Increase in effective borrowing rate (as a percent) |
0.18% |
|
|
| 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% |
|
|
| Prepayment of principal amount |
25,000,000 |
|
|
| Effective interest rate under the Term Loans (as a percent) |
6.40% |
|
|
|
Revolving Loans
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|
|
|
| Long-term debt |
|
|
|
| Maximum borrowing capacity |
|
|
120,000,000 |
| 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 |
$ 116,600,000 |
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