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CONVERTIBLE SENIOR NOTES | 12 Months Ended
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Dec. 31, 2015
CONVERTIBLE SENIOR NOTES |
CONVERTIBLE SENIOR NOTES | 10 — CONVERTIBLE SENIOR NOTES The Company issued $125,000 of the 5.0% Convertible Senior Notes on July 27, 2010 (the “2010 Notes”). The Indenture for the 2010 Notes included customary agreements and covenants by the Company, including with respect to events of default. As noted in Note 1 — General Information, the filing of the Chapter 11 Cases by the Company on April 21, 2014 constituted an event of default with respect to the 2010 Notes. On this date, the Company ceased recording interest expense related to the 2010 Notes. During the period from January 1 to July 9, 2014, interest expense of $2,522, including the amortization of the discount of the liability component and the bond coupon interest expense, was not recorded by the Predecessor Company, which would have been incurred had the indebtedness not been reclassified as a Liability subject to compromise. On the Effective Date, when the Company emerged from Chapter 11, the 2010 Notes and the Indenture were fully satisfied and discharged. The following tables provide additional information about the Predecessor Company’s 2010 Notes:
|  | Period from |  | Year |
|  | January 1 to |  | Ended |
|  | July 9, |  | December 31, |
|  | 2014 (a) |  | 2013 |
Effective interest rate on liability component |  | 10.0 | % | 10.0 | %
Cash interest expense recognized |  | $ | 1,886 |  | $ | 6,250 |
Non-cash interest expense recognized |  | 1,592 |  | 4,963 |
Non-cash deferred financing amortization costs included in interest expense |  | 216 |  | 720 |
| (a) |  | The amounts and percentage reflect amounts through April 21, 2014 since the Company ceased recording interest expense due to the Chapter 11 Cases.

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