12. Debt and Lines of Credit (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Debt consists

Debt consists of the following, net of discounts and deferred financing costs (in thousands): 

		December 31,
		2017		2016
4.25% Convertible Notes	$	65,732	$	104,071
Exchangeable Notes		8,275		-
Delayed Draw Term Loan		27,897		-
Treximet Secured Notes		167,551		183,353
Wells Fargo Credit Facility		-		14,000
ABL Credit Agreement		14,185		-
Total outstanding debt		283,640		301,424
Less current portion		3,664		11,103
Long term debt outstanding	$	279,976	$	290,321

Future maturity schedule of the mortgage

The following table represents, by year, the future maturity schedule of the outstanding debt and line of credit as of December 31, 2017 (in thousands):

		Amount
2018	$	5,373
2019		-
2020		166,697
2021		78,225
2022		79,928
Thereafter		-
Total maturities		330,223
Less:
Note discount		(35,423)
Deferred financing costs		(11,160)
Total outstanding debt	$	283,640

Schedule of debt restructuring gain

The Company recorded $14.7 million as gain from exchange of debt for the year ended December 31, 2017 (See table below).

4.25% Convertible Notes:
Principal	$	51,775
Deferred financing costs		(1,452)
Debt discount		(8,146)
Derivative liability		90
Exchangeable Notes:
Principal		(36,243)
Debt discount		25,091
Fair value of conversion option		(12,690)
Issuance of 1.1 million shares		(3,775)
Net Gain on Extinguishment	$	14,650