Quarterly report pursuant to Section 13 or 15(d)

Borrowings (Tables)

v2.4.0.6
Borrowings (Tables)
3 Months Ended
Mar. 31, 2013
Debt Disclosure [Abstract]  
Schedule of Borrowings
The Company’s borrowings consisted of the following at:
 
 
March 31, 2013
 
December 31, 2012
Principal components:
 
 
 
 
Credit Facility
 
$
27,000

 
$
10,000

13% Senior Notes due 2016, principal
 
96,961

 
96,961

Total principal outstanding
 
123,961

 
106,961

Non-cash components:
 
 

 
 

13% Senior Notes due 2016 unamortized deferred credit
 
12,908

 
13,707

Total carrying value of borrowings
 
$
136,869

 
$
120,668

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
 
3/31/2013
 
3/31/2013
 
Interest Expense
 
 Current Year
$31,507
 
$18,599
 
$12,908
 
$799
 
$2,500