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Debt Arrangements (Tables)
12 Months Ended
Dec. 31, 2014
Net Carrying Amount of Debt

The Company’s net carrying amount of debt is comprised of the following:

 

     December 31,  
     2014      2013  

Senior Secured Notes

   $ 774,030       $ 836,888   

1.50% Convertible Notes

     339,943         323,418   

2.50% Convertible Notes

     280,104         267,013   
  

 

 

    

 

 

 

Total

   $ 1,394,077       $ 1,427,319   
Company's Debt Maturities on Calendar Year Basis

As of December 31, 2014, the Company’s debt maturities on a calendar year basis are as follows:

 

     Total      2015      2016      2017      2018      2019      Thereafter  

Senior Secured Notes

   $ 774,030       $ 61,123       $ 61,123       $ 61,123       $ 61,123       $ 61,123       $ 468,415   

1.50% Convertible Notes(1)

     339,943         —          —          —          339,943        —           —    

2.50% Convertible Notes(2)

     280,104         —          280,104         —           —          —          —    
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 1,394,077       $ 61,123       $ 341,227       $ 61,123       $ 401,066       $ 61,123       $ 468,415   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) Reflects the net debt carrying amount of the 1.50% Convertible Notes in the consolidated balance sheet as of December 31, 2014, in accordance with accounting for convertible notes. The principal amount owed to the holders of the 1.50% Convertible Notes is $400.0 million.

 

(2) Reflects the net debt carrying amount of the 2.50% Convertible Notes in the consolidated balance sheet as of December 31, 2014, in accordance with accounting for convertible notes. The principal amount owed to the holders of the 2.50% Convertible Notes is $300.0 million.
1.50% Convertible Notes  
Details of Convertible Notes Reflected on Consolidated Balance Sheet

As of December 31, 2014 and December 31, 2013 the amount of the 1.50% Convertible Notes accounted for as a liability was approximately $339.9 million and $323.4 million, respectively, and is reflected on the consolidated balance sheet as follows:

 

     December 31,  
     2014      2013  

Equity component carrying amount

   $ 49,931       $ 49,931   

Unamortized discount

     60,057         76,582   

Net debt carrying amount

   $ 339,943       $ 323,418   
2.50% Convertible Notes  
Details of Convertible Notes Reflected on Consolidated Balance Sheet

As of December 31, 2014 and December 31, 2013, the amount of the 2.50% Convertible Notes accounted for as a liability was approximately $280.1 million and $267.0 million, respectively, and is reflected on the consolidated balance sheet as follows:

 

     December 31,  
     2014      2013  

Equity component carrying amount

   $ 35,996       $ 35,996   

Unamortized discount

     19,896         32,987   

Net debt carrying amount

   $ 280,104       $ 267,013