Quarterly report pursuant to Section 13 or 15(d)

Borrowings (Tables)

v2.4.0.8
Borrowings (Tables)
 6 Months Ended
Jun. 30, 2013
Debt Disclosure [Abstract]  
Schedule of Borrowings
The Company’s borrowings consisted of the following at:
 
 
June 30, 2013
 
December 31, 2012
Principal components:
 
 
 
 
Credit Facility
 
$
—

 
$
10,000

13% Senior Notes due 2016, principal
 
96,961

 
96,961

Total principal outstanding
 
96,961

 
106,961

Non-cash components:
 
 

 
 

13% Senior Notes due 2016 unamortized deferred credit
 
12,092

 
13,707

Total carrying value of borrowings
 
$
109,053

 
$
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
 
6/30/2013
 
6/30/2013
 
Interest Expense
 
 Current Year
$31,507
 
$19,415
 
$12,092
 
$1,615
 
$1,684