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Convertible Notes, Other Debts And Capital Leases (Tables) | 6 Months Ended
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Jun. 30, 2017
Debt Disclosure [Abstract] |
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments | The following table presents the components of the Notes as of June 30, 2017 and December 31, 2016 (in thousands, except for years and percentages):
| June 30, 2017 |  | December 31, 2016
Liability: |  |  |
Principal amount | $ | 128,250 |  |  | $ | 128,250 |
Less: Debt discount, net of amortization | (19,914 | ) |  | (22,302 | )
Less: Debt issuance costs, net of amortization | (2,401 | ) |  | (2,689 | )
Carrying amount | $ | 105,935 |  |  | $ | 103,259 |
Remaining amortization period (years) | 3.4 |  |  | 3.9 |
Effective interest rate on liability component | 9.94 | % |  | 9.94 | %
Equity: |  |  |
Value of conversion option | $ | 26,925 |  |  | $ | 26,925 |
Less: Equity issuance costs | (863 | ) |  | (863 | )
Carrying amount | $ | 26,062 |  |  | $ | 26,062 |
Convertible Debt Interest | The following table presents interest expense recognized for the Notes (in thousands):
| Three months ended |  | Six months ended
| June 30, 2017 |  | July 1, 2016 |  | June 30, 2017 |  | July 1, 2016
Contractual interest expense | $ | 1,282 |  |  | $ | 1,282 |  |  | $ | 2,565 |  |  | $ | 2,565 |
Amortization of debt discount | 1,214 |  |  | 1,098 |  |  | 2,388 |  |  | 2,157 |
Amortization of debt issuance costs | 146 |  |  | 132 |  |  | 288 |  |  | 260 |
Total interest expense recognized | $ | 2,642 |  |  | $ | 2,512 |  |  | $ | 5,241 |  |  | $ | 4,982 |
Schedule of Other Debt and Capital Leases | In connection with the TVN acquisition, the Company assumed a variety of debt and credit facilities in France to satisfy the financing requirements of TVN operations. These arrangements are summarized in the table below (in thousands):
| June 30, 2017 |  | December 31, 2016
Financing from French government agencies related to various government incentive programs (1) | $ | 13,597 |  |  | $ | 17,930 |
Term loans (2) | 1,369 |  |  | 1,400 |
Obligations under capital leases | 1,456 |  |  | 1,860 |
Total debt obligations | 16,422 |  |  | 21,190 |
Less: current portion | (7,130 | ) |  | (7,275 | )
Long-term portion | $ | 9,292 |  |  | $ | 13,915 |
(1) As of June 30, 2017, the Company’s TVN French Subsidiary had an aggregate of $13.6 million of loans due to various financing programs of French government agencies, $10.8 million of which are related to loans backed by R&D tax credit receivables. As of June 30, 2017, the TVN French Subsidiary had an aggregate of $24.3 million of R&D tax credit receivables from the French government from 2018 through 2021. (See Note 8, “Balance Sheet Components-Prepaid expenses and other current assets,” for more information). These tax loans have a fixed rate of 0.6%, plus EURIBOR 1 month + 1.3% and mature between 2018 through 2019. The remaining loans of $2.8 million at June 30, 2017 primarily relate to financial support from French government agencies for R&D innovation projects at minimal interest rates and these loans mature between 2020 through 2023. (2) One of the term loans with a certain financial institution contains annual covenants that require the TVN French Subsidiary to maintain a minimum working capital balance and various other financial covenants and restrictions that limit the French Subsidiary’s ability to incur additional indebtedness. The annual covenant is based on French statutory year-end results and the TVN French Subsidiary failed the 2016 covenant test primarily due to the Company’s plan to integrate TVN’s operations into other subsidiaries for tax planning and logistics purposes. In early 2017, the Company informed the financial institution of the 2016 covenant test results and was told by the financial institution to continue with the original payment schedule. The Company reported the entire loan balance with this financial institution under “Other debts and capital lease obligations, current” in the Condensed Consolidated Balance Sheets. The loan balance was approximately $0.4 million at both June 30, 2017 and December 31, 2016. (3) The TVN French Subsidiary obtained advances under a credit line with BPI France against a pool of eligible receivables with recourse. There was no balance outstanding to BPI France as of June 30, 2017.
Schedule of Maturities of Long-term Debt | The table below shows the future minimum repayments of debts and capital lease obligations for TVN as of June 30, 2017 (in thousands):
Years ending December 31, | Capital lease obligations |  | Other Debt obligations
2017 (remaining six months) | $ | 492 |  |  | $ | 673 |
2018 | 868 |  |  | 5,873 |
2019 | 69 |  |  | 6,782 |
2020 | 27 |  |  | 601 |
2021 | — |  |  | 489 |
Thereafter | — |  |  | 548 |
Total | $ | 1,456 |  |  | $ | 14,966 |

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- Definition Tabular disclosure of borrowings which can be exchanged for a specified number of another security at the option of the issuer or the holder. Disclosures include, but are not limited to, principal amount, amortized premium or discount, and amount of liability and equity components. + References No definition available. + Details
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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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