Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.8.0.1
Debt (Tables)
3 Months Ended
Mar. 31, 2018
Debt Disclosure [Abstract]  
Schedule of Debt
Principal outstanding, and unamortized debt issuance costs for the Term Loans, were as follows at March 31, 2018 and December 31, 2017:
 
March 31, 2018
 
December 31, 2017
 
Term Loan
 
Delayed Draw Term Loan
 
Revolving Facility
 
Term Loan
 
Delayed Draw Term Loan
 
Revolving Facility
 
(in thousands)
Principal outstanding
$
119,590

 
$
197,500

 
$
50,000

 
$
120,356

 
$
198,750

 
$
50,000

Unamortized issuance costs
(217
)
 
(767
)
 

 
(233
)
 
(821
)
 

Unamortized discount
(173
)
 
(457
)
 

 
(185
)
 
(490
)
 

Carrying value
$
119,200

 
$
196,276

 
$
50,000

 
$
119,938

 
$
197,439

 
$
50,000

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
$
12,100

2019
16,133

2020
28,232

2021
32,266

Thereafter
228,359

 
$
317,090

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

 
$
345,000

Unamortized discount
(54,033
)
 
(56,557
)
Unamortized debt issuance costs
(6,921
)
 
(7,244
)
 
$
284,046

 
$
281,199

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

 
$
61,390

The following table sets forth total interest expense related to the Convertible Notes for the three months ended March 31, 2018:
 
Three Months Ended March 31, 2018
 
(in thousands)
Contractual interest expense
$
1,294

Amortization of debt discount
2,524

Amortization of debt issuance costs
323

 
$
4,141

 
 
Effective interest rate of the liability component
5.87
%