Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.19.2
Debt (Tables)
6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Schedule of Debt
Principal outstanding, and unamortized debt issuance costs for the Term Loans, were as follows at June 30, 2019 and December 31, 2018:
 
June 30, 2019
 
December 31, 2018
 
Term Loan
 
Delayed Draw Term Loan
 
Term Loan
 
Delayed Draw Term Loan
 
(in thousands)
Principal outstanding
$
111,923

 
$
185,000

 
$
114,990

 
$
190,000

Unamortized issuance costs
(142
)
 
(501
)
 
(171
)
 
(606
)
Unamortized discount
(113
)
 
(300
)
 
(137
)
 
(361
)
Carrying value
$
111,668

 
$
184,199

 
$
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
$
8,066

2020
28,232

2021
32,266

2022
228,359

 
$
296,923


Convertible Debt
The following table sets forth total interest expense related to the Convertible Notes for the three and six months ended June 30, 2019 and 2018:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
 
(in thousands)
Contractual interest expense
$
1,294

 
$
1,294

 
$
2,588

 
$
2,588

Amortization of debt discount
2,717

 
2,562

 
5,393

 
5,086

Amortization of debt issuance costs
348

 
328

 
691

 
651

 
$
4,359

 
$
4,184

 
$
8,672

 
$
8,325


The net carrying amount of the Convertible Notes at June 30, 2019 and December 31, 2018, was as follows:
 
June 30, 2019
 
December 31, 2018
 
(in thousands)
Liability component:
 
 
 
Principal amount
$
345,000

 
$
345,000

Unamortized discount
(40,842
)
 
(46,235
)
Unamortized debt issuance costs
(5,231
)
 
(5,922
)
 
$
298,927

 
$
292,843

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

 
$
61,390