• Filing Date: 2020-03-06
  • Form Type: 10-K
  • Description: Annual report
v3.19.3.a.u2
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Summary of Long-term Debt

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

 

 

 

December 31,

 

 

 

2019

 

 

2018

 

3.875% Convertible Senior Notes, due March 15, 2019

 

$

 

 

$

89,990

 

4.25% Convertible Senior Notes, due March 1, 2037

 

 

143,750

 

 

 

143,750

 

3.95% Promissory note, due through February 17, 2020

 

 

8,881

 

 

 

9,125

 

4% Promissory note, due through February 1, 2031

 

 

7,345

 

 

 

7,857

 

3.75% Promissory note, due through September 1, 2036

 

 

7,955

 

 

 

8,290

 

4.55% Promissory note, due through August 1, 2036

 

 

5,704

 

 

 

5,928

 

Finance lease liabilities, due through August 15, 2023

 

 

60

 

 

 

55

 

Total principal amount

 

 

173,695

 

 

 

264,995

 

Less: unamortized discount and issuance costs

 

 

(10,000

)

 

 

(14,845

)

Total long-term debt

 

$

163,695

 

 

$

250,150

 

Summary of Future Maturities of Long-Term Debt

The following table summarizes future maturities of long-term debt as of December 31, 2019, which takes into consideration the assumption that the 4.25% Convertible Senior Notes are repurchased at the earliest call date.

 

Year

 

 

 

 

2020

 

$

10,013

 

2021

 

 

1,178

 

2022

 

 

144,974

 

2023

 

 

1,267

 

2024

 

 

1,310

 

Thereafter

 

 

14,953

 

Total

 

$

173,695

 

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,

 

 

 

2019

 

 

2018

 

 

2017

 

Interest Expense:

 

 

 

 

 

 

 

 

 

 

 

 

Contractual interest

 

$

8,061

 

 

$

10,740

 

 

$

10,424

 

Non-cash expense (a)

 

 

4,845

 

 

 

7,487

 

 

 

6,404

 

Capitalized interest (b)

 

 

(303

)

 

 

(131

)

 

 

(61

)

Total

 

$

12,603

 

 

$

18,096

 

 

$

16,767

 

 

(a)

Represents amortization of debt discount and issuance costs.

(b)

Interest was capitalized for construction projects.

Summary of Equity and Liability Components of the Convertible Senior Notes

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

 

 

 

December 31,

 

 

 

2019

 

 

2018

 

Principal amount

 

$

143,750

 

 

$

233,740

 

Unamortized discount

 

 

(7,545

)

 

 

(11,316

)

Liability component – net carrying value before issuance costs

 

$

136,205

 

 

$

222,424

 

Equity component – conversion, net of offering costs

 

$

15,151

 

 

$

31,051