Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.10.0.1
Debt (Tables)
6 Months Ended
Jun. 30, 2018
Debt Disclosure [Abstract]  
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