Other Long-Term Assets

12 Months Ended

Dec. 31, 2019

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Long-Term Assets

Other Long-Term Assets

Other long-term assets as of December 31, 2019 and 2018 consist of the following (in thousands):

	2019		2018
Convertible 2021 note hedge asset	$	—	$	1,028
Convertible 2022 note hedge asset	—		2,062
Cash surrender value of life insurance policies	2,124		1,948
Deferred financing fees	602		402
Investments	85		90
Long-term installment receivables	177		222
Long-term deferred taxes	928		352
Other	300		256
Other Long-Term Assets	$	4,216	$	6,360

As part of issuing convertible notes, the company entered into related convertible note hedge derivatives which were included in Other Long-Term Assets, the value of which was adjusted quarterly to reflect fair value. On May 16, 2019, the company received shareholder approval authorizing it to elect to settle future conversions of convertible notes in common shares. As a result of the shareholder approval, the note hedge assets and conversion

liabilities may no longer be bifurcated and accounted for as separate derivatives and thus they are no longer accounted for by the company as separate long-term assets.

See "Long-Term Debt" in the notes to the Consolidated Financial Statements included elsewhere in this report for more detail regarding the company's issuance of convertible notes and the related convertible note hedge derivatives.