Convertible Senior Notes (Tables)

12 Months Ended

Dec. 31, 2016

The following table summarizes the terms of the 2019 Notes.



	Principal Amount		Coupon Rate		Effective Rate (1)		Conversion Rate (2)	Maturity Date	Remaining Period of Amortization
March 2019 Notes	$	143,750	5.50	%	6.25	%	56.7586	3/15/2019	2.21 years
August 2019 Notes	$	111,000	5.50	%	6.50	%	56.7586	3/15/2019	2.21 years


(1)	Effective rate includes the effect of the adjustment for the conversion option (See footnote (2) below), the value of which reduced the initial liability and was recorded in additional paid-in-capital.

(2)

The Company has the option to settle any conversions in cash, shares of common stock or a combination thereof. The conversion rate represents the number of shares of common stock issuable per $1,000 principal amount of 2019 Notes converted, and includes adjustments relating to cash dividend payments made by the Company to stockholders that have been deferred and carried-forward in accordance with, and are not yet required to be made pursuant to, the terms of the applicable supplemental indenture. The if-converted value of the 2019 Notes does not exceed their principal amount at December 31, 2016 since the closing market price of the Company’s common stock of $16.62 per share does not exceed the implicit conversion prices of $17.62 for the 2019 Notes.