Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v2.4.0.6
Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2012
Long-term Debt, Unclassified [Abstract]  
Break-Down Of Long-Term Debt
A break-down of long-term debt as of December 31, 2012 and 2011 is as follows:
 
December 31,
 
2012
 
2011
Revolving credit agreement (1)
$
—

 
$
—

Building loans (2)
2,143,000

 
2,283,000

7.75% senior unsecured notes due 2020 (3)
300,000,000

 
—

Unamortized original issue (discount) premium, net (4)
(3,105,000
)
 
—

Less: current maturities of long term debt
(150,000
)
 
(141,000
)
Debt reflected as long term
$
298,888,000

 
$
2,142,000

Maturities of Long-Term Debt
Maturities of long-term debt (excluding premiums and discounts) as of December 31, 2012 are as follows:
2013
$
150,000

2014
158,000

2015
168,000

2016
1,667,000

2017
—

Thereafter
300,000,000

Total
$
302,143,000

Schedule of Interest
The following schedule shows the components of interest expense at December 31, 2012 and 2011:
 
December 31,
 
2012
 
2011
Cash paid for interest
$
1,404,000

 
$
963,000

Change in accrued interest
4,155,000

 
(132,000
)
Write-off of deferred loan costs
1,143,000

 
—

Amortization of loan costs
640,000

 
540,000

Amortization of note discount and premium
59,000

 
—

Other
57,000

 
29,000

Total interest expense
$
7,458,000

 
$
1,400,000