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Debt (Tables)
3 Months Ended
Mar. 31, 2015
Debt Disclosure [Abstract]  
Long-Term Debt

Long-term debt consisted of the following (in thousands):

 

 

March 31,
2015

 

 

December 31,
2014

 

2021 notes

$

350,000

 

 

$

350,000

 

2013 facility

 

55,000

 

 

 

30,000

 

Other long-term debt

 

3,886

 

 

 

3,904

 

 

 

408,886

 

 

 

383,904

 

Less: current portion of long-term debt

 

55,076

 

 

 

30,074

 

Long-term debt, net of current maturities

$

353,810

 

 

$

353,830

 

 

Effect of Derivative Financial Instrument on Condensed Consolidated Statements of Operations and Comprehensive Loss

The table below presents the effect of our derivative financial instrument on the condensed consolidated statements of operations and comprehensive loss (in thousands):

 

Derivative Not Designated

as Hedging Instrument

  

Location of Gain (Loss) Recognized in Income

  

Amount of Gain (Loss)
Recognized in Income

 

  

  

Three Months Ended March 31,

 

  

  

2015

 

 

2014

 

Warrants

  

Interest expense, net

  

$

167

 

 

$

(1,197

 

Fair Value Hierarchy Table on Recurring Basis (Level 2)

The following fair value hierarchy table presents information about our financial instrument measured at fair value on a recurring basis using significant other observable inputs (Level 2) (in thousands):

 

 

Carrying Value
As of
March  31,
2015

 

 

Fair Value
Measurement as of
March  31, 2015

 

  

Carrying Value
As of
December 31,
2014

 

  

Fair Value
Measurement as of
December 31, 2014

 

Warrants (included in Other long-term liabilities)

$

3,207

 

 

$

3,207

 

 

$

3,375

 

 

$

3,375