Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.10.0.1
Debt (Tables)
9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Schedule of Debt
Principal outstanding, and unamortized debt issuance costs for the Term Loans, were as follows at September 30, 2018 and December 31, 2017:
 
September 30, 2018
 
December 31, 2017
 
Term Loan
 
Delayed Draw Term Loan
 
Term Loan
 
Delayed Draw Term Loan
 
(in thousands)
Principal outstanding
$
116,524

 
$
192,500

 
$
120,356

 
$
198,750

Unamortized issuance costs
(186
)
 
(659
)
 
(233
)
 
(821
)
Unamortized discount
(149
)
 
(393
)
 
(185
)
 
(490
)
Carrying value
$
116,189

 
$
191,448

 
$
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
$
4,033

2019
16,133

2020
28,232

2021
32,266

2022
228,360

 
$
309,024

Convertible Debt
The net carrying amount of the Convertible Notes at September 30, 2018 and December 31, 2017, was as follows:
 
September 30, 2018
 
December 31, 2017
 
(in thousands)
Liability component:
 
 
 
Principal amount
$
345,000

 
$
345,000

Unamortized discount
(48,872
)
 
(56,557
)
Unamortized debt issuance costs
(6,260
)
 
(7,244
)
 
$
289,868

 
$
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 and nine months ended September 30, 2018 and 2017:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
 
(in thousands)
Contractual interest expense
$
1,294

 
$
1,265

 
$
3,881

 
$
1,826

Amortization of debt discount
2,599

 
2,451

 
7,685

 
3,503

Amortization of debt issuance costs
333

 
313

 
984

 
447

 
$
4,226

 
$
4,029

 
$
12,550

 
$
5,776