Debt (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Schedule of Company's Debt

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

	December 31, 2015										December 31, 2014
			Unamortized										Unamortized
	Principal amount		Discount			Debt issuance costs			Net carrying value		Principal amount		Discount			Debt issuance costs			Net carrying value
TaxAct - HD Vest 2015 credit facility	$	400,000	$	(12,000	)	$	(8,919	)	$	379,081	$	—	$	—		$	—		$	—
TaxAct 2013 credit facility	—		—			—			—		51,940		—			—			51,940
Convertible Senior Notes	201,250		(12,207		)	(3,125		)	185,918		201,250		(16,073		)	(4,114		)	181,063
Note payable, related party	6,400		—			—			6,400		—		—			—			—
Total debt	$	607,650	$	(24,207	)	$	(12,044	)	$	571,399	$	253,190	$	(16,073	)	$	(4,114	)	$	233,003

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 related to the Notes (in thousands):

	Years ended December 31,
	2015			2014			2013
Contractual interest expense (Cash)	$	8,553		$	8,553		$	6,795
Amortization of debt issuance costs (Non-cash)	989			920			684
Accretion of debt discount (Non-cash)	3,866			3,594			2,674
Total interest expense	$	13,408		$	13,067		$	10,153
Effective interest rate of the liability component	7.32		%	7.32		%	7.32		%