Convertible Debt and Notes Payable (Tables)

9 Months Ended

Sep. 30, 2017

Schedule of Debt and Capital Lease Obligations

As of September 30, 2017 and December 31, 2016, the Company's outstanding debt was as follows:



	As of September 30, 2017		As of December 31, 2016
	(dollars in thousands)
Convertible debt	$	136,189	$	130,029
Note payable	61,141		60,953
Term loan	28,082		—
Other notes payable	8,895		14,237
Capital lease obligations	3,149		1,840
	$	237,456	$	207,059

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

Annual scheduled maturities of debt and minimum payments (of principle and interest) for all debt outstanding as of September 30, 2017, is as follows:



	Convertible Debt			Note Payable			Term loan			Other Note Payable			Capital Lease Obligation
	(dollars in thousands)
2017	$	—		$	1,305		$	—		$	862		$	467
2018	4,485			5,218			29,260			1,933			1,699
2019	151,743			5,218			—			3,410			399
2020	—			5,218			—			1,363			320
2021	—			68,468			—			2,512			320
Thereafter	—			—			—			—			160
Subtotal	156,228			85,427			29,260			10,080			3,365
Less (a)	(20,039		)	(24,286		)	(1,178		)	(1,185		)	(216		)
Total	$	136,189		$	61,141		$	28,082		$	8,895		$	3,149


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

Schedule of Line of Credit Facilities

As of September 30, 2017, the Company has eight irrevocable letters of credit, related to leased office space, for which there is cash collateral pledged and the Company pays a fee on the stated amount of the letter of credit. The Company also has pledged as collateral, $10.4 million, as of September 30, 2017, and $5.5 million, as of December 31, 2016, due between March 2018 and December 2019, for reinsurance agreements.



Location	Amount		Maturity
	(dollars in thousands)
New York	$	596	October 2017
New York	$	2,811	October 2017
New York	$	1,600	November 2017
San Francisco	$	710	January 2018
Connecticut	$	65	January 2018
Boston	$	382	March 2018
New York	$	355	April 2018
New York	$	70	May 2018