Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.8.0.1
Debt (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Schedule of Debt
Principal outstanding, and unamortized debt issuance costs for the Term Loans, were as follows at December 31, 2017 and 2016:
 
December 31, 2017
 
December 31, 2016
 
Term Loan
 
Delayed Draw Term Loan
 
Revolving Facility
 
Term Loan
 
Revolving Facility
 
(in thousands)
Principal outstanding
$
120,356

 
$
198,750

 
$
50,000

 
$
122,657

 
$

Unamortized issuance costs
(233
)
 
(821
)
 

 
(295
)
 

Unamortized discount
(185
)
 
(490
)
 

 
(236
)
 

Carrying value
$
119,938

 
$
197,439

 
$
50,000

 
$
122,126

 
$

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
$
14,116

2019
16,133

2020
28,232

2021
32,266

Thereafter
228,359

 
$
319,106

Schedule of Convertible Debt
The net carrying amount of the Convertible Notes at December 31, 2017, was as follows, in thousands:
Liability component:
 
Principal amount
$
345,000

Unamortized discount
(56,557
)
Unamortized debt issuance costs
(7,244
)
 
$
281,199

 
 
Equity component, net of issuance costs and deferred tax:
$
61,390

The following table sets forth total interest expense related to the Convertible Notes for the year ended December 31, 2017, in thousands:
Contractual interest expense
$
3,119

Amortization of debt discount
5,991

Amortization of debt issuance costs
766

 
$
9,876

 
 
Effective interest rate of the liability component
5.87
%