• Filing Date: 2017-02-22
  • Form Type: 10-K
  • Description: Annual report
v3.6.0.2
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Summary of Long-term Debt

The following table summarizes the Company’s long-term debt:

 

     December 31,  
     2016      2015  

8% Senior Notes, due January 30, 2020

   $ 40,250       $ 40,250   

3.875% Convertible Senior Notes, due March 15, 2019

     89,990         103,000   

4% Promissory note, due through February 1, 2031

     8,821         —     

3.75% Promissory note, due through September 1, 2036

     8,924         —     
  

 

 

    

 

 

 

Total principal amount

     147,985         143,250   

Less: unamortized discount and issuance costs

     (9,122      (13,821
  

 

 

    

 

 

 

Total long-term debt

   $ 138,863       $ 129,429   
  

 

 

    

 

 

 
Summary of Future Maturities of Long-Term Debt

As of December 31, 2016, future maturities of long-term debt are as follows:

 

Year

      

2017

   $ 783   

2018

     815   

2019

     90,837   

2020

     41,131   

2021

     915   

Thereafter

     13,504   
  

 

 

 

Total

   $ 147,985   
  

 

 

 
Schedule of Interest Expense Related to Long-Term Debt

Information with respect to interest expense related to long-term debt is as follows:

 

     Years Ended December 31,  
     2016      2015      2014  

Interest Expense:

        

Contractual interest

   $ 7,315       $ 7,211       $ 7,201   

Non-cash expense*

     3,529         3,543         3,252   
  

 

 

    

 

 

    

 

 

 

Total interest expense related to long-term debt

   $ 10,844       $ 10,754       $ 10,453   
  

 

 

    

 

 

    

 

 

 

 

* Includes amortization of debt discount and issuance costs.
Summary of Equity and Liability Components of the Convertible Notes

The following table summarizes information regarding the equity and liability components of the Convertible Notes:

 

     December 31,  
     2016      2015  

Principal amount

   $ 89,990       $ 103,000   

Unamortized discount

     (6,795      (10,871
  

 

 

    

 

 

 

Liability component – net carrying value before issuance costs

   $ 83,195       $ 92,129   
  

 

 

    

 

 

 

Equity component – conversion, net of offering costs

   $ 15,900       $ 15,900