Debt (Tables)

6 Months Ended

Jun. 30, 2017

Debt Disclosure [Abstract]

Schedule of Company's Debt

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

	June 30, 2017										December 31, 2016
	Principal amount		Discount			Debt issuance costs			Net  carrying value		Principal amount		Discount			Debt issuance costs			Net  carrying value
Senior secured credit facility	$	360,000	$	(1,782	)	$	(5,010	)	$	353,208	$	—	$	—		$	—		$	—
TaxAct - HD Vest 2015 credit facility	—		—			—			—		260,000		(7,124		)	(5,295		)	247,581
Convertible Senior Notes	—		—			—			—		172,859		(6,913		)	(1,770		)	164,176
Note payable, related party	3,200		—			—			3,200		3,200		—			—			3,200
Total debt	$	363,200	$	(1,782	)	$	(5,010	)	$	356,408	$	436,059	$	(14,037	)	$	(7,065	)	$	414,957

Schedule of Extinguishment of Debt

As a result, the Company recognized a loss on debt extinguishment during the three months ended June 30, 2017, which was recorded in "Other loss, net" on the consolidated statements of comprehensive income and consisted of the following (in thousands):

Loss on debt extinguishment - TaxAct - HD Vest 2015 credit facility	$	9,593
Loss on debt extinguishment - Convertible Senior Notes	6,715
Total loss on debt extinguishment	$	16,308

Schedule of Total Interest Expense on Convertible Senior Notes

The following table sets forth total interest expense, prior to the refinancing, related to the Notes (in thousands):

	Three months ended June 30,				Six months ended June 30,
	2017		2016		2017		2016
Contractual interest expense (Cash)	$	1,304	$	1,837	$	3,141	$	3,946
Amortization of debt issuance costs (Non-cash)	161		226		401		473
Accretion of debt discount (Non-cash)	633		885		1,567		1,848
Total interest expense	$	2,098	$	2,948	$	5,109	$	6,267