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Long-term Debt (Tables)
12 Months Ended
Dec. 31, 2015
Long-term debt.  
Summary of convertible notes

 

                                                                                                                                                                                    

 

 

Year ended
December 31

 

Liability component

 

2015

 

2014

 

Principal

 

$

150,000

 

$

 

Less: Debt discount, net (1)

 

 

(55,392

)

 

 

​  

​  

​  

​  

Net carrying amount

 

$

94,608

 

$

 

​  

​  

​  

​  

​  

​  

​  

​  


 

 

 

(1)          

Included in the consolidated balance sheets within convertible senior notes (due 2022) and amortized to interest expense over the remaining life of the Convertible Notes using the effective interest rate method.

 

Summary of interest expense recognized related to the Convertible Notes

 

                                                                                                                                                                                    

 

 

Year ended
December 31,

 

 

 

2015

 

2014

 

Contractual interest expense

 

$

1,702 

 

$

 

Amortization of debt issuance costs

 

 

107 

 

 

 

Amortization of debt discount

 

 

2,146 

 

 

 

​  

​  

​  

​  

Total

 

$

3,955 

 

$

 

​  

​  

​  

​  

Effective interest rate of the liability component

 

 

11.0 

%