Debt (Tables)

9 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

Schedule of Company's Debt

The Company’s debt consisted of the following (in thousands):

	September 30, 2014							December 31, 2013
	Principal amount		Unamortized discount			Net carrying value		Principal amount		Unamortized discount			Net carrying value
Monoprice 2013 credit facility	$	44,000	$	(206	)	$	43,794	$	50,000	$	(288	)	$	49,712
TaxACT 2013 credit facility	19,384		—			19,384		71,384		—			71,384
Convertible Senior Notes	201,250		(16,996		)	184,254		201,250		(19,667		)	181,583
Total debt	$	264,634	$	(17,202	)	$	247,432	$	322,634	$	(19,955	)	$	302,679

Analysis of Extinguishment or Modification of Debt

On August 30, 2013, the Company performed an analysis by creditor to determine whether the refinancing would be recorded as an extinguishment or a modification of debt and, as a result of this analysis, recognized a loss on partial extinguishment of debt comprised of the following (in thousands):

Refinancing fees paid to creditors, including arrangement fee, classified as extinguishment	$	567
Deferred financing costs on extinguished debt	726
Debt discount on extinguished debt	300
Total	$	1,593

Schedule of Total Interest Expense on Convertible Senior Notes

The following table sets forth total interest expense for the three and nine months ended September 30, 2014 and 2013 related to the Notes (in thousands):

	Three months ended September 30,						Nine months ended September 30,
	2014			2013			2014			2013
Contractual interest expense (Cash)	$	2,138		$	2,139		$	6,415		$	4,657
Amortization of debt issuance costs (Non-cash)	232			216			684			465
Accretion of debt discount (Non-cash)	907			843			2,671			1,816
Total interest expense	$	3,277		$	3,198		$	9,770		$	6,938
Effective interest rate of the liability component	7.32		%	7.32		%	7.32		%	7.32		%