| Long-Term Obligations |
Long-term obligations held by continuing operations consist of the following:
| |
|
|
|
|
|
|
|
|
| (dollars in thousands) |
|
June 30,
2012 |
|
|
December 31,
2011 |
|
|
15% Senior Secured Notes, due December 31, 2012
|
|
$ |
148,037 |
|
|
$ |
137,795 |
|
|
15% Senior-Subordinated Secured Second Lien Notes due January 31, 2013
|
|
|
207,932 |
|
|
|
193,291 |
|
|
16% Third Lien Subordinated Secured Convertible Notes due February 28, 2013, net of unamortized discounts of $3,342 and
$5,834 at June 30, 2012 and December 31, 2011, respectively
|
|
|
743,807 |
|
|
|
685,086 |
|
|
Wireless spectrum leases, net of unamortized discounts of $12,196 and $13,251 at June 30, 2012 and December 31, 2011,
respectively; expiring from 2014 through 2036 with one to five renewal options ranging from 10 to 15 years each
|
|
|
19,593 |
|
|
|
22,415 |
|
| |
|
|
|
|
|
|
|
|
|
Long-term obligations
|
|
|
1,119,369 |
|
|
|
1,038,587 |
|
|
Less current portion
|
|
|
(1,104,212 |
) |
|
|
(142,019 |
) |
| |
|
|
|
|
|
|
|
|
|
Long-term portion
|
|
$ |
15,157 |
|
|
$ |
896,568 |
|
| |
|
|
|
|
|
|
|
|
The following table summarizes the activity
related to our long-term obligations, net of any unamortized discounts, for the six months ended June 30, 2012 and July 2, 2011:
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (in thousands) |
|
Senior
Notes |
|
|
Second
Lien
Notes |
|
|
Third
Lien
Notes |
|
|
Other |
|
|
Total |
|
|
Balance, December 31, 2011
|
|
$ |
137,795 |
|
|
$ |
193,291 |
|
|
$ |
685,086 |
|
|
$ |
22,415 |
|
|
$ |
1,038,587 |
|
|
Paid-in-kind interest
|
|
|
10,242 |
|
|
|
14,641 |
|
|
|
56,229 |
|
|
|
— |
|
|
|
81,112 |
|
|
Amortization of debt discount
|
|
|
— |
|
|
|
— |
|
|
|
2,492 |
|
|
|
1,055 |
|
|
|
3,547 |
|
|
Cash payments
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(3,877 |
) |
|
|
(3,877 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, June 30, 2012
|
|
$ |
148,037 |
|
|
$ |
207,932 |
|
|
$ |
743,807 |
|
|
$ |
19,593 |
|
|
$ |
1,119,369 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
Balance, January 1, 2011
|
|
$ |
122,261 |
|
|
$ |
158,876 |
|
|
$ |
497,574 |
|
|
$ |
25,759 |
|
|
$ |
804,470 |
|
|
Paid-in-kind interest
|
|
|
9,047 |
|
|
|
12,822 |
|
|
|
41,426 |
|
|
|
— |
|
|
|
63,295 |
|
|
Amortization of debt discount
|
|
|
2,051 |
|
|
|
4,267 |
|
|
|
47,748 |
|
|
|
1,127 |
|
|
|
55,193 |
|
|
Extension of wireless spectrum lease
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
398 |
|
|
|
398 |
|
|
Cash payments
|
|
|
(5,300 |
) |
|
|
— |
|
|
|
— |
|
|
|
(4,613 |
) |
|
|
(9,913 |
) |
|
Favorable settlement reclassified to restructuring credits
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(1,076 |
) |
|
|
(1,076 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, July 2, 2011
|
|
$ |
128,059 |
|
|
$ |
175,965 |
|
|
$ |
586,748 |
|
|
$ |
21,595 |
|
|
$ |
912,367 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The following table summarizes the activity related to our
unamortized deferred financing costs for the six months ended June 30, 2012 and July 2, 2011:
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Unamortized Deferred Financing Costs |
|
|
|
|
| (in thousands) |
|
Senior
Notes |
|
|
Second Lien
Notes |
|
|
Third Lien
Notes |
|
|
Total |
|
|
Balance at December 31, 2011
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
9 |
|
|
$ |
9 |
|
|
Amortization of deferred financing costs
|
|
|
— |
|
|
|
— |
|
|
|
(4 |
) |
|
|
(4 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at June 30, 2012
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
5 |
|
|
$ |
5 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
Balance at January 1, 2011
|
|
$ |
35 |
|
|
$ |
3,076 |
|
|
$ |
151 |
|
|
$ |
3,262 |
|
|
Amortization of deferred financing costs
|
|
|
(32 |
) |
|
|
(1,651 |
) |
|
|
(71 |
) |
|
|
(1,754 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at July 2, 2011
|
|
$ |
3 |
|
|
$ |
1,425 |
|
|
$ |
80 |
|
|
$ |
1,508 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|