Convertible Debt and Notes Payable (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Debt and Capital Lease Obligations

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




	As of December 31,
	2017		2016
	(dollars in thousands)
Convertible debt	$	141,502	$	130,029
Note payable	132,970		60,953
Term loan	28,121		—
Other notes payable	8,247		14,237
Capital lease obligations	4,120		1,840
	$	314,960	$	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 December 31, 2017, are as follows:



	Convertible Debt			Note Payable			Term loan			Other Note Payable			Capital Lease Obligation
	(dollars in thousands)
2018	$	4,840		$	10,340		$	—		$	2,032		$	2,059
2019	38,925			10,143			28,901			3,410			717
2020	4,050			10,143			—			1,363			639
2021	4,050			10,143			—			2,512			639
2022	139,050			10,143			—			—			420
Thereafter	—			188,715			—			—			—
Subtotal	190,915			239,627			28,901			9,317			4,474
Less (a)	(49,413		)	(106,657		)	(780		)	(1,070		)	(354		)
Total	$	141,502		$	132,970		$	28,121		$	8,247		$	4,120


(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 December 31, 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, $11.8 million, as of December 31, 2017, and $5.5 million, as of December 31, 2016, due between March 2018 and March 2021, for reinsurance agreements.



Location	Amount		Maturity
	(dollars in thousands)
Connecticut	$	65	January 2018
Boston	$	382	March 2018
New York	$	355	April 2018
New York	$	70	May 2018
New York	$	596	October 2018
New York	$	2,250	October 2018
New York	$	1,600	November 2018
San Francisco	$	710	January 2019