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Debt (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Summary of Outstanding Note Balances

The outstanding note balance as of December 31, 2017 and 2016 consisted of the following:

 

(In thousands)

 

December 31, 2017

 

 

December 31, 2016

 

Liability component:

 

 

 

 

 

 

 

 

Principal

 

$

345,000

 

 

$

345,000

 

Less: debt discount and debt issuance costs , net

 

 

(36,195

)

 

 

(54,580

)

Net carrying amount

 

 

308,805

 

 

$

290,420

 

Equity component

 

$

61,195

 

 

$

61,195

 

 

Schedule of Interest Expense Recognized Related to the Notes

The following table sets forth total interest expense recognized related to the Notes for the years ended December 31, 2017 and 2016:

 

(In thousands)

 

Year ended December 31,         2017

 

 

Year ended December 31,         2016

 

Contractual interest expense

 

$

6,038

 

 

$

6,038

 

Amortization of debt issuance costs

 

 

871

 

 

 

830

 

Amortization of debt discount

 

 

8,539

 

 

 

8,145

 

Total interest expense

 

$

15,448

 

 

$

15,013