Debt (Tables)

9 Months Ended

Sep. 30, 2015

Schedule of Debt and Capital Lease Obligations

As of September 30, 2015 and December 31, 2014, the Company's outstanding debt was as follows:



	As of September 30, 2015		As of December 31, 2014
	(dollars in thousands)
Convertible debt	$	123,149	$	118,475
Note Payable	63,250		63,250
Other Note payable	355		—
Capital lease obligations	3,023		3,894
	$	189,777	$	185,619

Schedule of Maturities of Debt and Future Minimum Lease Payments for Capital Leases

Annual scheduled maturities of debt and minimum payments for all debt outstanding as of September 30, 2015, is as follows:



	Convertible Debt			Note Payable			Other Note Payable			Capital Lease Obligation
	(dollars in thousands)
2015	$	—		$	1,304		$	361		$	330
2016	4,485			5,218			—			1,025
2017	4,485			5,218			—			938
2018	4,485			5,218			—			938
2019	151,743			5,218			—			78
Thereafter	—			73,686			—			—
Subtotal	165,198			95,862			361			3,309
Less: Amount representing interest (a)	(42,049		)	(32,612		)	(6		)	(286		)
Total	$	123,149		$	63,250		$	355		$	3,023


(a)	Amount necessary to reduce net minimum payments to present value calculated at the Company's implicit rate at inception. This amount also includes the unamortized discount on the convertible debt.

Schedule of Line of Credit Facilities

As of September 30, 2015, the Company has the following seven irrevocable letters of credit related to leased office space, for which there is cash collateral pledged, which the Company pays a fee on the stated amount of the letter of credit.



Location	Amount		Maturity
	(dollars in thousands)
San Francisco	$	710	October 2025
New York	$	1,000	February 2016
Boston	$	382	March 2016
New York	$	355	May 2016
New York	$	1,861	May 2016
New York	$	794	October 2016
New York	$	3,935	October 2016