XML 32 R21.htm IDEA: XBRL DOCUMENT v3.7.0.1
Notes Payable (Tables)
6 Months Ended
Jun. 30, 2017
Debt Disclosure [Abstract]  
Schedule of Notes Payable
Notes payable consist of the following (in thousands):
 
 
June 30, 2017
 
December 31, 2016
 
 
 
Notes payable under the Credit Agreement ($600.0 million revolving credit facility at June 30, 2017) maturing on May 31, 2020; interest paid monthly at LIBOR plus 3.15%; net of approximately $6.4 million of debt issuance costs at June 30, 2017 and $2.7 million at December 31, 2016
 
$
363,606

 
$
322,253

4.25% Convertible Notes due November 15, 2019; interest paid semi-annually at 4.25%; net of debt issuance costs of approximately $1.3 million and $1.6 million at June 30, 2017 and December 31, 2016, respectively; and approximately $4.4 million and $5.2 million in unamortized discount at June 30, 2017 and December 31, 2016, respectively
 
79,340

 
78,230

Total notes payable
 
$
442,946


$
400,483

Schedule of Interest Activity for Notes Payable
Interest activity, including debt issuance costs and accretion of discount, for notes payable for the periods presented is as follows (in thousands):
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2017
 
2016
 
2017
 
2016
Interest incurred
 
$
6,028

 
$
4,604

 
$
11,102

 
$
8,952

Less: Amounts capitalized
 
(6,028
)
 
(4,604
)
 
(11,102
)
 
(8,952
)
Interest expense
 
$

 
$

 
$

 
$

 
 
 
 
 
 
 
 
 
Cash paid for interest
 
$
5,752

 
$
4,431

 
$
8,911

 
$
6,693