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Long-term Debt (Tables)
 12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Long-term Debt

Long-term debt is comprised of the following:

  

 

As of December 31,

 

 

 

2015

 

 

2016

 

 

 

(In thousands)

 

10% Senior Secured Toggle Notes due 2020:

 

 

 

  

 

 

 

  

Principal

 

$

—

 

 

$

697,195

 

Discount, net of amortization

 

 

—

 

 

 

(11,955

)

7¾% Convertible Second Lien PIK Notes due 2019:

 

 

 

 

 

 

 

 

Principal

 

 

—

 

 

 

268,432

 

Accrued interest payable in kind

 

 

—

 

 

 

6,645

 

Discount, net of amortization

 

 

—

 

 

 

(61,230

)

9½% Convertible Second Lien PIK Notes due 2020:

 

 

 

 

 

 

 

 

Principal

 

 

—

 

 

 

174,182

 

Accrued interest payable in kind

 

 

—

 

 

 

735

 

Discount, net of amortization

 

 

—

 

 

 

(38,959

)

10% Senior Secured Notes due 2020:

 

 

 

 

 

 

 

 

Principal

 

 

700,000

 

 

 

2,805

 

7¾% Senior Notes due 2019:

 

 

 

 

 

 

 

 

Principal

 

 

376,090

 

 

 

17,959

 

Premium, net of amortization

 

 

3,583

 

 

 

118

 

9½% Senior Notes due 2020:

 

 

 

 

 

 

 

 

Principal

 

 

194,367

 

 

 

4,860

 

Discount, net of amortization

 

 

(5,040

)

 

 

(98

)

 

 

 

 

 

 

 

0

 

Debt issuance costs, net of amortization

 

 

(19,670

)

 

 

(16,183

)

 

 

$

1,249,330

 

 

$

1,044,506

 

 
Principal Amount of Debt by Year of Maturity

The following table summarizes Comstock's principal amount of debt as of December 31, 2016 by year of maturity:

 

 

 

2017

 

  

2018

 

  

2019

 

  

2020

 

  

2021

 

  

Thereafter

 

  

Total

 

 

 

(In thousands)

 

 

10% Senior Secured Toggle Notes due 2020

 

$

—

 

 

$

—

 

 

$

—

 

 

$

697,195

 

 

$

—

 

 

$

—

 

 

$

697,195

 

7¾% Convertible Second Lien PIK Notes due
2019

 

$

—

 

 

$

—

 

 

$

268,432

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

268,432

 

9½% Convertible Second Lien PIK Notes due
2020

 

 

—

 

 

 

—

 

 

 

—

 

 

 

174,182

 

 

 

—

 

 

 

—

 

 

 

174,182

 

10% Senior Secured Notes due 2020

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2,805

 

 

 

—

 

 

 

—

 

 

 

2,805

 

7¾% Senior Notes due
2019

 

 

—

 

 

 

—

 

 

 

17,959

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

17,959

 

9½% Senior Notes  due
2020

 

 

—

 

 

 

—

 

 

 

—

 

 

 

4,860

 

 

 

—

 

 

 

—

 

 

 

4,860

 

 

 

$

—

 

 

$

—

 

 

$

286,391

 

 

$

879,042

 

 

$

—

 

 

$

—

 

 

$

1,165,433