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Long-term Debt (Tables)
3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Company's Long-term Debt
The Company's long-term debt as of March 31, 2019 and December 31, 2018 was as follows:
 
 
 
As of
 
 
 
March 31, 2019
(In thousands, except interest rates)
Stated Interest Rate
Effective Interest Rate
Face Value
Issuance Discount
Deferred Financing Costs
Net Carrying Value
Initial Notes, due January 16, 2022
12.0%
18.6%
$
153,500

$
(18,297
)
$
(3,471
)
$
131,732

Option Notes, due January 16, 2022
12.0%
14.9%
50,500

(3,106
)
(213
)
47,181

Total
 
 
$
204,000

$
(21,403
)
$
(3,684
)
$
178,913

 
 
 
As of
 
 
 
December 31, 2018
(In thousands, except interest rates)
Stated Interest Rate
Effective Interest Rate
Face Value
Issuance Discount
Deferred Financing Costs
Net Carrying Value
Initial Notes, due January 16, 2022
6.0%
12.0%
$
153,500

$
(19,627
)
$
(3,724
)
$
130,149

Option Notes, due January 16, 2022
6.0%
8.5%
50,500

(3,096
)
(211
)
47,193

Total
 
 
$
204,000

$
(22,723
)
$
(3,935
)
$
177,342