XML 35 R24.htm IDEA: XBRL DOCUMENT v3.10.0.1
INDEBTEDNESS (Tables)
9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Convertible Debt
The carrying value of the Notes is as follows as of:
 
(in thousands)
 
September 30,

2018
 
 
December 31,

2017
 
Principal amount
 
$
143,750
 
 
$
143,750
 
Unamortized debt discount
 
 
(8,643
)
 
 
(13,924
)
Deferred financing costs
 
 
(985
)
 
 
(1,618
)
Net carrying value
 
$
134,122
 
 
$
128,208
 
Schedule of Long-term Debt Instruments
The carrying value of the current and long-term components of the Term Loan as of September 30, 2018 and December 31, 2017 are:
 
 
 
Current
 
(in thousands)
 
September 30,

2018
 
 
December 31,

2017
 
Current borrowing on secured term loan
 
$
6,094
 
 
$
3,750
 
Unamortized deferred financing costs
 
 
(402
)
 
 
(397
)
Current component of long-term borrowing, net of unamortized deferred financing costs
 
$
5,692
 
 
$
3,353
 
 
 
 
Long-Term
 
(in thousands)
 
September 30,

2018
 
 
December 31,

2017
 
Long-term borrowing on secured term loan
 
$
67,031
 
 
$
71,250
 
Unamortized deferred financing costs
 
 
(1,077
)
 
 
(1,304
)
Long-term borrowing, net of unamortized deferred financing costs and current borrowing component
 
$
65,954
 
 
$
69,946
 
Interest Income and Interest Expense Disclosure
The following table sets forth the components of total interest expense related to the Notes and Term Loan recognized in the accompanying unaudited interim condensed consolidated statements of operations for the three and nine months ended September 30, 2018 and 2017:
 
 
 
Three Months Ended
 
 
Nine Months Ended
 
(in thousands)
 
September 30,   

2018
 
 
September 30,   

2017
 
 
September 30,   

2018
 
 
September 30,   

2017
 
Contractual coupon
 
$
1,835
 
 
$
1,078
 
 
$
5,393
 
 
$
3,234
 
Amortization of debt discount
 
 
1,783
 
 
 
1,692
 
 
 
5,280
 
 
 
5,007
 
Amortization of finance fees
 
 
370
 
 
 
211
 
 
 
1,111
 
 
 
633
 
Capitalized interest
 
 
(174
)
 
 
(143
)
 
 
(552
)
 
 
(367
)
 
 
$
3,814
 
 
$
2,838
 
 
$
11,232
 
 
$
8,507