Debt (Tables)

9 Months Ended

Sep. 30, 2017

Debt

Schedule of debt

	September 30,			December 31,
(In thousands)	2017			2016
Senior secured term loan	$	250,000		$	—
Convertible subordinated notes due 2023	240,984			240,984
Convertible senior notes due 2025	192,500			—
Non-recourse notes due 2029	—			487,189
Total debt	683,484			728,173
Unamortized debt discount and issuance costs	(80,035		)	(12,080		)
Current portion of senior secured term loans	(25,000		)	—
Current portion of non-recourse notes due 2029	—			(7,752		)
Net long-term debt	$	578,449		$	708,341

Schedule of carrying value of debt

Our outstanding 2025 Notes balances as September 30, 2017 consisted of the following:

(In thousands)
Liability component
Principal	$	192,500
Debt discount and issuance costs, net	(69,895		)
Net carrying amount	$	122,605
Equity component	$	65,361

Schedule of components of interest expense

The following table sets forth total interest expense recognized related to the 2025 Notes from the date of issuance through September 30, 2017:

(In thousands)
Contractual interest expense	$	722
Amortization of debt issuance costs	69
Amortization of debt discount	834
Total interest expense	$	1,625

Aggregate scheduled maturities of long-term debt

The aggregate scheduled maturities of our long-term debt as of September 30, 2017 are as follows:

(In thousands)
Years ending December 31:
Remainder of 2017	$	6,250
2018	25,000
2019	25,000
2020	25,000
2121	25,000
2022	143,750
Thereafter	433,484
Total	$	683,484