Interest Costs |
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Interest Costs [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest Costs |
(7) Interest Costs
We capitalized a portion of the interest on funds borrowed to finance the construction costs
of our satellites and related launch vehicles for our FM-6 satellite in 2011 and for our FM-6 and
XM-5 satellites in 2010. We also incur interest costs on all of our debt instruments and certain
contingent incentive payments due pursuant to our satellite construction agreements. The following
is a summary of our interest costs:
Included in interest costs incurred is non-cash interest expense, consisting of
amortization related to original issue discounts, premiums and deferred financing fees, of $9,977
and $10,689 for the three months ended September 30, 2011 and 2010, respectively, and $29,211 and
$32,983 for the nine months ended September 30, 2011 and 2010, respectively.
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