Annual report pursuant to Section 13 and 15(d)

Debt Issuance Costs

v2.4.0.6
Debt Issuance Costs
 12 Months Ended
Dec. 31, 2011
DEBT ISSUANCE COSTS [Abstract]  
Debt Issuance Costs [Text Block]
DEBT ISSUANCE COSTS 
We have incurred debt issuance costs in connection with our debt. These costs are capitalized and are being amortized over the term of the related debt. The amortization of the debt issuance cost was recorded as interest expense. As of December 31, 2011, we had capitalized $33.4 million of costs directly associated with the arrangement of debt financing, net of accumulated amortization, as follows (in thousands): 
Debt
 
Debt Issuance
Costs
 
Amortization Period
 
Accumulated Amortization
 
Net Costs
2013 Senior Notes
 
$
9,353

 
7 years
 
$
(6,837
)
 
$
2,516

2016 Senior Notes
 
30,057

 
10 years
 
(14,951
)
 
15,106

2007 Term Loan
 
8,450

 
5 years
 
(7,925
)
 
525

2008 Loans
 
21,293

 
10 years
 
(6,377
)
 
14,916

Convertible Senior Unsecured Notes
 
5,608

 
7 years
 
(5,315
)
 
293

Total
 
$
74,761

 
 
 
$
(41,405
)
 
$
33,356

 
Scheduled amortization of these debt issuance costs for the next five years is estimated to be $29.6 million.