Debt (Tables)

6 Months Ended

Jun. 30, 2017

Debt Outstanding Excluding Capital Leases

Debt outstanding, excluding capital leases, consists of the following:

	June 30, 2017						December 31, 2016
(In thousands)	Principal Balance		Unamortized Discount and Debt Issuance Costs		Net Carrying Amount		Principal Balance		Unamortized Discount and Debt Issuance Costs		Net Carrying Amount
1.25% Cash Convertible Senior Notes	$	345,000	$	42,662	$	302,338	$	345,000	$	49,186	$	295,814
Senior Secured Credit Facility		453,125		4,022		449,103		441,875		4,691		437,184
Netsmart Non-Recourse Debt:
First Lien Term Loan		430,749		10,703		420,046		432,925		11,655		421,270
Second Lien Term Loan		167,000		8,159		158,841		167,000		8,901		158,099
Other debt		0		0		0		13		0		13
Total debt	$	1,395,874	$	65,546	$	1,330,328	$	1,386,813	$	74,433	$	1,312,380
Less: Debt payable within one year - excluding Netsmart		21,875		462		21,413		15,638		480		15,158
Less: Debt payable within one year - Netsmart		4,351		1,891		2,460		4,351		1,900		2,451
Total long-term debt, less current maturities	$	1,369,648	$	63,193	$	1,306,455	$	1,366,824	$	72,053	$	1,294,771

Interest Expense

Interest expense consists of the following:

	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2017		2016		2017		2016
Interest expense	$	4,668	$	3,595	$	9,502	$	7,133
Amortization of discounts and debt issuance costs		3,612		3,448		7,193		6,879
Netsmart:
Interest expense ⁽¹⁾		11,164		8,530		22,081		8,530
Amortization of discounts and debt issuance costs		846		848		1,694		848
Total interest expense	$	20,290	$	16,421	$	40,470	$	23,390

⁽¹⁾

Includes interest expense related to capital leases.

Summary of Future Debt Payment Obligations

The following table summarizes future debt payment obligations as of June 30, 2017:


(In thousands)	Total		Remainder of 2017		2018		2019		2020		2021		Thereafter
1.25% Cash Convertible Senior Notes ⁽¹⁾	$	345,000	$	0	$	0	$	0	$	345,000	$	0	$	0
Term Loan		228,125		9,375		28,125		40,625		150,000		0		0
Revolving Facility ⁽²⁾		225,000		0		0		0		225,000		0		0
Netsmart Non-Recourse Debt ⁽²⁾
First Lien Term Loan		430,749		2,176		4,351		4,351		4,351		4,351		411,169
Second Lien Term Loan		167,000		0		0		0		0		0		167,000
Total debt	$	1,395,874	$	11,551	$	32,476	$	44,976	$	724,351	$	4,351	$	578,169

⁽¹⁾ Assumes no cash conversions of the 1.25% Notes prior to their maturity on July 1, 2020.

⁽²⁾ Assumes no additional borrowings after June 30, 2017, payment of any required periodic installments of principal and that all drawn amounts are repaid upon maturity.

1.25% Cash Convertible Senior Notes [Member]

Debt Instrument [Line Items]

Interest Expense Related to 1.25% Notes

Interest expense related to the 1.25% Notes, included in the table above, consists of the following:

	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2017		2016		2017		2016
Coupon interest at 1.25%	$	1,078	$	1,078	$	2,156	$	2,156
Amortization of discounts and debt issuance costs		3,278		3,108		6,524		6,216
Total interest expense related to the 1.25% Notes	$	4,356	$	4,186	$	8,680	$	8,372