LONG-TERM DEBT AND COMMITTMENTS (Tables)

9 Months Ended

Sep. 30, 2016

LONG-TERM DEBT AND COMMITMENTS

Schedule of debt

Debt is as follows (in thousands):

	September 30,
	2016
Principal amount of Convertible Senior Notes due 2020	$	250,000
Principal amount of Senior Secured Notes due 2018		34,643
		284,643
Less: Debt issuance costs		(2,501)
Less: Discount on convertible senior notes		(43,251)
		238,891
Less: Current portion		(9,015)
Long-term debt, net of current portion	$	229,876
Future estimated payments on the Senior Secured Notes as of September 30, 2016 are as follows:
2016 (remaining three months)	$	8,875
2017		23,750
2018		38,376
Total		71,001
Less: Interest portion		(36,358)
Senior Secured Notes	$	34,643