Quarterly report pursuant to Section 13 or 15(d)

Borrowings (Tables)

v2.4.0.6
Borrowings (Tables)
 6 Months Ended
Jun. 30, 2012
Debt Disclosure [Abstract]  
Schedule of Borrowings
The Company’s borrowings consisted of the following at:
 
 
June 30, 2012
 
December 31, 2011
Principal components:
 
 
 
 
Credit Facility
 
$
10,000

 
$
—

13% Senior Notes due 2016, principal
 
96,961

 
106,961

Total principal outstanding
 
106,961

 
106,961

Non-cash components:
 
 

 
 

13% Senior Notes due 2016 unamortized deferred credit
 
15,254

 
18,384

Total carrying value of borrowings
 
$
122,215

 
$
125,345

Schedule of Deferred Credit Balance Related to Senior Notes
 The following table summarizes the Company’s deferred credit balance:
Gross Carrying
 
Accumulated Amortization at
 
Carrying Value at
 
Amortization Recorded during Current Year as a Reduction of
 
Estimated Amortization to be Recorded during the Remainder of the
 Amount
 
6/30/2012
 
6/30/2012
 
Interest Expense
 
 Current Year
$31,507
 
$16,253
 
$15,254
 
$1,539
 
$1,548