Convertible Debt and Notes Payable (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of Debt and Capital Lease Obligations

As of March 31, 2016 and December 31, 2015, the Company's outstanding debt was as follows:



	As of March 31, 2016		As of December 31, 2015
	(dollars in thousands)
Convertible debt	$	124,251	$	122,401
Note payable	60,936		60,831
Other note payable	1,695		—
Revolver	25,000		5,000
Capital lease obligations	2,450		2,734
	$	214,332	$	190,966

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 March 31, 2016, is as follows:



	Convertible Debt			Note Payable			Revolver		Other Note Payable			Capital Lease Obligation
	(dollars in thousands)
2016	$	2,243		$	3,914		$	25,000	$	1,718		$	704
2017	4,485			5,218			—		—			938
2018	4,485			5,218			—		—			938
2019	151,743			5,218			—		—			78
2020	—			5,218			—		—			—
Thereafter	—			68,468			—		—			—
Subtotal	162,956			93,254			25,000		1,718			2,658
Less: Amount representing interest (a)	(38,705		)	(32,318		)	—		(23		)	(208		)
Total	$	124,251		$	60,936		$	25,000	$	1,695		$	2,450


(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 March 31, 2016, the Company has the following nine 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)
New York	$	355	May 2016
New York	$	1,861	May 2016
New York	$	794	October 2016
New York	$	3,373	October 2016
New York	$	1,600	November 2016
San Francisco	$	710	January 2017
New York	$	65	January 2017
New York	$	1,000	February 2017
Boston	$	382	March 2017