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Convertible Senior Notes (Tables)
9 Months Ended
Sep. 30, 2015
Debt Disclosure [Abstract]  
Schedule of the Liability and Equity Components of the Convertible Senior Notes
As of September 30, 2015, the liability and equity components of the Convertible Senior Notes consisted of the following (in thousands):
 
 
Series A Notes
 
Series B Notes
Liability component:
 
 
 
 
Principal
 
$
460,000

 
$
460,000

Less: Convertible senior notes discounts and issuance costs, net of amortization
 
(98,151
)
 
(124,323
)
Net carrying amount
 
$
361,849


$
335,677

 
 
 
 
 
Equity component, net of issuance costs
 
$
92,567

 
$
117,834

Schedule of Interest Expense related to the Convertible Senior Notes
Interest expense related to the Convertible Senior Notes consisted of the following (in thousands):
 
 
Three Months Ended September 30, 2015
 
Nine Months Ended September 30, 2015
 
 
Series A Notes
 
Series B Notes
 
Series A Notes
 
Series B Notes
 
 
 
 
 
 
 
 
 
Coupon interest
 
$
1,150

 
$
1,869

 
$
1,533

 
$
2,492

Amortization of convertible senior notes discounts and issuance costs
 
4,623

 
3,942

 
6,150

 
5,247

Total interest expense recognized
 
$
5,773


$
5,811

 
$
7,683


$
7,739

 
 
 
 
 
 
 
 
 
Effective interest rate on the liability component
 
6.5
%
 
7.0
%
 
6.5
%
 
7.0
%