Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.19.3
Debt (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Schedule of Debt
Principal outstanding, and unamortized debt issuance costs for the Term Loans, were as follows at December 31, 2018 and 2017:
 
December 31, 2018
 
December 31, 2017
 
Term Loan
 
Delayed Draw Term Loan
 
Term Loan
 
Delayed Draw
Term Loan
 
(in thousands)
Principal outstanding
$
114,990

 
$
190,000

 
$
120,356

 
$
198,750

Unamortized issuance costs
(171
)
 
(606
)
 
(233
)
 
(821
)
Unamortized discount
(137
)
 
(361
)
 
(185
)
 
(490
)
Carrying value
$
114,682

 
$
189,033

 
$
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
2019
$
16,133

2020
28,232

2021
32,266

2022
228,359

 
$
304,990

Schedule of Convertible Debt
The following table sets forth total interest expense related to the Convertible Notes for the year ended December 31, 2018 and 2017:
 
December 31,
 
2018
 
2017
 
(in thousands)
Contractual interest expense
$
5,175

 
$
3,119

Amortization of debt discount
10,322

 
5,991

Amortization of debt issuance costs
1,322

 
766

 
$
16,819

 
$
9,876

The net carrying amount of the Convertible Notes at December 31, 2018 and 2017, was as follows:
 
December 31,
 
2018
 
2017
 
(in thousands)
Liability component:
 
 
 
Principal amount
$
345,000

 
$
345,000

Unamortized discount
(46,235
)
 
(56,557
)
Unamortized debt issuance costs
(5,922
)
 
(7,244
)
 
$
292,843

 
$
281,199

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

 
$
61,390