Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.19.1
Debt (Tables)
3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Debt
Principal outstanding, and unamortized debt issuance costs for the Term Loans, were as follows at March 31, 2019 and December 31, 2018:
 
March 31, 2019
 
December 31, 2018
 
Term Loan
 
Delayed Draw Term Loan
 
Term Loan
 
Delayed Draw Term Loan
 
(in thousands)
Principal outstanding
$
113,457

 
$
187,500

 
$
114,990

 
$
190,000

Unamortized issuance costs
(157
)
 
(553
)
 
(171
)
 
(606
)
Unamortized discount
(125
)
 
(330
)
 
(137
)
 
(361
)
Carrying value
$
113,175

 
$
186,617

 
$
114,682

 
$
189,033

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
$
12,100

2020
28,232

2021
32,266

2022
228,359

 
$
300,957

Convertible Debt
The net carrying amount of the Convertible Notes at March 31, 2019 and December 31, 2018, was as follows:
 
March 31, 2019
 
December 31, 2018
 
(in thousands)
Liability component:
 
 
 
Principal amount
$
345,000

 
$
345,000

Unamortized discount
(43,559
)
 
(46,235
)
Unamortized debt issuance costs
(5,579
)
 
(5,922
)
 
$
295,862

 
$
292,843

 
 
 
 
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, 2019 and 2018:
 
Three Months Ended March 31,
 
2019
 
2018
 
(in thousands)
Contractual interest expense
$
1,294

 
$
1,294

Amortization of debt discount
2,676

 
2,524

Amortization of debt issuance costs
343

 
323

 
$
4,313

 
$
4,141