XML 64 R28.htm IDEA: XBRL DOCUMENT v3.19.3
Long-Term Debt (Tables)
 9 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
Schedule of carrying value of the 2024 Notes and 2020 Notes
The following table reflects the carrying value of the 2024 Notes and 2020 Notes as of September 30, 2019 and December 31, 2018 (in thousands):
 
September 30, 2019
 
December 31, 2018
 
2024 Notes
2020 Notes
Total
 
2020 Notes
Principal
$
400,000

$
94,909

$
494,909

 
$
316,000

Less:
 
 
 
 
 
Unamortized interest discount
(67,857
)
(1,673
)
(69,530
)
 
(15,428
)
Deferred financing costs
(6,069
)
(174
)
(6,243
)
 
(1,621
)
Net carrying amount of 2024 and 2020 Notes
$
326,074

$
93,062

$
419,136

 
$
298,951
Schedule of accretion of the debt discount, and the amortization of financing costs
The following table presents the amount of interest cost recognized, which is included within "Interest Expense" in our condensed consolidated statements of income, for the three and nine months ended September 30, 2019 and September 30, 2018 relating to the contractual interest coupon, accretion of the debt discount, and the amortization of deferred financing costs (in thousands):
 
Three months ended September 30,
 
2019
 
2018
 
2024 Notes
 
2020 Notes
 
Total
 
2024 Notes
 
2020 Notes
 
Total
Contractual coupon interest
$
2,000

 
$
356

 
$
2,356

 
$
—

 
$
1,185

 
$
1,185

Accretion of debt discount
3,088

 
1,004

 
4,092

 
—

 
3,124

 
3,124

Amortization of deferred financing costs
276

 
104

 
380

 
—

 
347

 
347

Total
$
5,364

 
$
1,464

 
$
6,828

 
$
—

 
$
4,656

 
$
4,656


 
Nine months ended September 30,
 
2019
 
2018
 
2024 Notes
 
2020 Notes
 
Total
 
2024 Notes
 
2020 Notes
 
Total
Contractual coupon interest
$
2,600

 
$
2,468

 
$
5,068

 
$
—

 
$
3,555

 
$
3,555

Accretion of debt discount
4,189

 
6,739

 
10,928

 
—

 
9,252

 
9,252

Amortization of deferred financing costs
374

 
717

 
1,091

 
—

 
1,042

 
1,042

Total
$
7,163

 
$
9,924

 
$
17,087

 
$
—

 
$
13,849

 
$
13,849