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Liabilities (Tables)
3 Months Ended
Mar. 31, 2017
Liabilities  
Schedule of accrued expenses and other current liabilities

 

 

 

March 31,

 

December 31,

 

 

 

2017

 

2016

 

 

 

(in thousands)

 

Payroll and related benefits

 

$

13,538

 

$

18,780

 

Warranty

 

4,209

 

4,217

 

Professional fees

 

2,806

 

1,827

 

Installation

 

1,411

 

1,382

 

Sales, use, and other taxes

 

436

 

1,282

 

Restructuring liability

 

1,219

 

1,796

 

Interest

 

1,915

 

 

Other

 

2,946

 

3,917

 

 

 

 

 

 

 

Total

 

$

28,480

 

$

33,201

 

 

 

 

 

 

 

 

 

 

Schedule of changes in product warranty reserves

 

 

 

(in thousands)

 

 

Balance - December 31, 2016

 

$

4,217

 

 

Warranties issued

 

973

 

 

Consumption of reserves

 

(1,327

 

)

Changes in estimate

 

346

 

 

 

 

 

 

 

Balance - March 31, 2017

 

$

4,209

 

 

 

 

 

 

 

 

 

Schedule of restructuring accrual activities

 

 

 

Personnel

 

 

 

 

 

 

 

Severance and

 

Facility

 

 

 

 

 

Related Costs

 

Related Costs

 

Total

 

 

 

(in thousands)

 

Balance - December 31, 2016

 

$

1,796

 

$

 

$

1,796

 

Provision

 

661

 

677

 

1,338

 

Payments

 

(1,238

)

(677

)

(1,915

)

 

 

 

 

 

 

 

 

Balance - March 31, 2017

 

$

1,219

 

$

 

$

1,219

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of carrying value of Convertible Senior Notes

 

 

 

March 31,

 

 

 

 

2017

 

 

 

 

(in thousands)

 

 

Principal amount

 

$

345,000

 

 

Unamortized debt discount

 

(70,527

 

)

Unamortized transaction costs

 

(7,104

 

)

 

 

 

 

 

Net carrying value

 

$

267,369

 

 

 

 

 

 

 

 

 

Summary of interest expense related to Convertible Senior Notes

 

 

 

Three months
ended March 31,

 

 

 

 

2017

 

 

 

 

(in thousands)

 

 

Cash Interest Expense

 

 

 

 

Coupon interest expense

 

$

1,915

 

 

Non-Cash Interest Expense

 

 

 

 

Amortization of debt discount

 

1,985

 

 

Amortization of transaction costs

 

200

 

 

 

 

 

 

 

Total Interest Expense

 

$

4,100