| Schedule of Debt |
Principal outstanding, and unamortized debt issuance costs for the Term Loans, were as follows at June 30, 2018 and December 31, 2017:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2018 |
|
December 31, 2017 |
|
Term Loan |
|
Delayed Draw Term Loan |
|
Term Loan |
|
Delayed Draw Term Loan |
|
(in thousands) |
Principal outstanding |
$ |
118,057 |
|
|
$ |
195,000 |
|
|
$ |
120,356 |
|
|
$ |
198,750 |
|
Unamortized issuance costs |
(202 |
) |
|
(754 |
) |
|
(233 |
) |
|
(821 |
) |
Unamortized discount |
(161 |
) |
|
(425 |
) |
|
(185 |
) |
|
(490 |
) |
Carrying value |
$ |
117,694 |
|
|
$ |
193,821 |
|
|
$ |
119,938 |
|
|
$ |
197,439 |
|
|
| Schedule of maturities of long-term debt |
Future maturities of principal under the Term Loans are as follows for the years ending December 31, in thousands:
|
|
|
|
|
|
Term Loans |
2018 |
$ |
8,066 |
|
2019 |
16,133 |
|
2020 |
28,232 |
|
2021 |
32,266 |
|
Thereafter |
228,360 |
|
|
$ |
313,057 |
|
|
| Convertible Debt |
The following table sets forth total interest expense related to the Convertible Notes for the three and six months ended June 30, 2018 and 2017:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
|
2018 |
|
2017 |
|
2018 |
|
2017 |
|
(in thousands) |
Contractual interest expense |
$ |
1,294 |
|
|
$ |
561 |
|
|
$ |
2,588 |
|
|
$ |
561 |
|
Amortization of debt discount |
2,562 |
|
|
1,052 |
|
|
5,086 |
|
|
1,052 |
|
Amortization of debt issuance costs |
328 |
|
|
134 |
|
|
651 |
|
|
134 |
|
|
$ |
4,184 |
|
|
$ |
1,747 |
|
|
$ |
8,325 |
|
|
$ |
1,747 |
|
The net carrying amount of the Convertible Notes at June 30, 2018 and December 31, 2017, was as follows:
|
|
|
|
|
|
|
|
|
|
June 30, 2018 |
|
December 31, 2017 |
|
(in thousands) |
Liability component: |
|
|
|
Principal amount |
$ |
345,000 |
|
|
$ |
345,000 |
|
Unamortized discount |
(51,471 |
) |
|
(56,557 |
) |
Unamortized debt issuance costs |
(6,621 |
) |
|
(7,244 |
) |
|
$ |
286,908 |
|
|
$ |
281,199 |
|
|
|
|
|
Equity component, net of issuance costs and deferred tax: |
$ |
61,390 |
|
|
$ |
61,390 |
|
|