XML 30 R19.htm IDEA: XBRL DOCUMENT v3.7.0.1
DEBT (Tables)
 3 Months Ended
Mar. 31, 2017
Debt Disclosure [Abstract]  
Long-Term Debt
Long-term debt consists of the following (in thousands):
 
 
 
March 31,
 
December 31,
 
 
 
2017
 
2016
 
Convertible senior notes
 
$
48,951
 
$
48,951
 
Term loan credit agreement
 
 
188,996
 
 
189,470
 
Other debt
 
 
499
 
 
676
 
 
 
$
238,446
 
$
239,097
 
Less: unamortized discount and fees
 
 
(2,455)
 
 
(3,164)
 
Less: current portion
 
 
(49,584)
 
 
(2,468)
 
 
 
$
186,407
 
$
233,465
 
Maturities of Long-Term Debt
The following table summarizes information about the equity and liability components of the Notes (dollars in thousands).
 
 
 
March 31,
 
December 31,
 
 
 
2017
 
2016
 
Principal amount of the Notes outstanding
 
$
48,951
 
$
48,951
 
Unamortized discount and fees of liability component
 
 
(1,789)
 
 
(2,183)
 
Net carrying amount of liability component
 
 
47,162
 
 
46,768
 
Less: current portion
 
 
(47,162)
 
 
-
 
Long-term debt
 
$
-
 
$
46,768
 
Carrying value of equity component, net of issuance costs
 
$
(3,971)
 
$
(3,971)
 
Remaining amortization period of discount on the liability component
 
 
1.1 years
 
 
1.3 years
 
Contractual Coupon Interest Expense and Accretion Of Discount On Liability
Contractual coupon interest expense and accretion of discount and fees on the liability component for the Notes for the three month period ended March 31, 2017 and 2016 included in Interest Expense on the Company’s Condensed Consolidated Statements of Operations were as follow (in thousands):
 
 
 
Three Months Ended March 31,
 
 
 
2017
 
2016
 
Contractual coupon interest expense
 
$
413
 
$
908
 
Accretion of discount and fees on the liability component
 
$
394
 
$
808