Quarterly report pursuant to Section 13 or 15(d)

Notes Payable and Long-Term Debt (Tables)

v2.4.0.6
Notes Payable and Long-Term Debt (Tables)
 9 Months Ended
Sep. 30, 2012
Change in Rate based on Leverage Ratio

Details of the change in our rate based on our leverage ratio are as follows:

 

Consolidated Leverage Ratio

    Base Rate     Eurodollar
Rate Loans		     Applicable Fee
Rate		  

Less than 3.25 to 1.00

      0.75 %      2.25 %      0.40 % 

Greater than or equal to 3.25 to 1.00 but less than 4.50 to 1.00

      0.75 %      2.50 %      0.50 % 

Greater than or equal to 4.50 to 1.00 but less than 6.00 to 1.00

      1.25 %      3.00 %      0.60 % 

Greater than or equal to 6.00 to 1.00

      2.25 %      3.50 %      0.75 % 
Repurchased and Redemptions of Nine and Five-Eighths Percent Notes

Information regarding repurchases and redemptions of the 95/8% Notes are as follows:

 

Date

    Principal
Redeemed/Repurchased		      Premium Paid      Unamortized Discount      Bond Issue Costs  
     (Dollars in thousands)  

June 1, 2012

    $ 17,500       $ 525       $ 80       $ 287   

December 12, 2011

      12,500         375         62         337   

September 6, 2011

      5,000         144         26         135   

June 1, 2011

      17,500         525         93         472   

December 1, 2010

      12,500         375         70         334   

June 1, 2010

      17,500         525         105         417   
Long-Term Debt

Long-term debt consisted of the following:

 

     As of December 31, 2011     As of September 30, 2012  
     (Dollars in thousands)  

Revolver under senior credit facility

    $ 31,000      $ 29,369   

95/8% senior secured second lien notes due 2016

      233,846        216,561   

Subordinated debt

      —          8,750   

Subordinated debt due to related parties

      9,000        15,000   

Capital leases and other loans

      957        890   
  

 

 

    

 

 

  
     274,803        270,570   

Less current portion

      (9,124 )      (20,115 ) 
  

 

 

    

 

 

  
   $ 265,679      $ 250,455   
  

 

 

    

 

 

  
Principal Repayment Requirements under Long-Term Debt Agreements Outstanding

Principal repayment requirements under all long-term debt agreements outstanding at September 30, 2012 for each of the next five years and thereafter are as follows:

 

     Amount  
For the Twelve Months Ended September 30,    (Dollars in thousands)  

2013

    $ 20,115   

2014

      3,849   

2015

      29,459   

2016

      71   

2017

      216,635   

Thereafter

      441   
  

 

 

  
   $ 270,570