Debt (Tables)

12 Months Ended

Dec. 31, 2017

Debt Outstanding Excluding Capital Lease Obligations

Debt outstanding, excluding capital lease obligations, consisted of the following:

	December 31, 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	$	35,978	$	309,022	$	345,000	$	49,186	$	295,814
Senior Secured Credit Facility		628,750		3,360		625,390		441,875		4,691		437,184
Netsmart Non-Recourse Debt:
First Lien Term Loan		479,316		10,950		468,366		432,925		11,655		421,270
Second Lien Term Loan		167,000		7,418		159,582		167,000		8,901		158,099
Other debt		0		0		0		13		0		13
Total debt	$	1,620,066	$	57,706	$	1,562,360	$	1,386,813	$	74,433	$	1,312,380
Less: Debt payable within one year - excluding Netsmart		28,125		438		27,687		15,638		480		15,158
Less: Debt payable within one year - Netsmart		4,866		2,111		2,755		4,351		1,900		2,451
Total long-term debt, less current maturities	$	1,587,075	$	55,157	$	1,531,918	$	1,366,824	$	72,053	$	1,294,771

Interest Expense

Interest expense consisted of the following:

	Year Ended December 31,
(In thousands)	2017		2016		2015
Interest expense	$	23,001	$	15,556	$	16,284
Amortization of discounts and debt issuance costs		14,539		13,922		13,679
Write off of unamortized deferred debt issuance costs		0		0		1,433

Netsmart:
Interest expense ⁽¹⁾		46,449		30,820		0
Amortization of discounts and debt issuance costs		3,490		2,619		0
Write off of unamortized deferred debt issuance costs		0		5,224		0
Total interest expense	$	87,479	$	68,141	$	31,396

⁽¹⁾	Includes interest expense related to capital leases.

Summary of Future Debt Payments

The following table summarizes future debt payments as of December 31, 2017:

(In thousands)	Total		2018		2019		2020		2021		2022		Thereafter
1.25% Cash Convertible Senior Notes ⁽¹⁾	$	345,000	$	0	$	0	$	345,000	$	0	$	0	$	0
Term Loan		218,750		28,125		40,625		150,000		0		0		0
Revolving Facility ⁽²⁾		410,000		0		0		410,000		0		0		0
Netsmart Non-Recourse Debt ⁽²⁾
First Lien Term Loan ⁽³⁾		479,316		4,866		4,866		4,866		4,866		4,866		454,986
Second Lien Term Loan		167,000		0		0		0		0		0		167,000
Total debt	$	1,620,066	$	32,991	$	45,491	$	909,866	$	4,866	$	4,866	$	621,986

⁽¹⁾

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

⁽²⁾

Assumes no additional borrowings after December 31, 2017 and that all drawn amounts are repaid upon maturity.

⁽³⁾

Starting with the year ended December 31, 2017, additional amounts may be due within 125 days after year-end if Netsmart has “excess cash” as defined in the Netsmart First Lien Credit Agreement. For the year ended December 31, 2017, no additional amounts will be due as a result of this provision.

1.25% Cash Convertible Senior Notes [Member]

Debt Instrument [Line Items]

Interest Expense Related to Cash Convertible Senior Notes

Interest expense related to the 1.25% Cash Convertible Senior Notes was comprised of the following:

	Year Ended December 31,
(In thousands)	2017		2016		2015
Coupon interest at 1.25%	$	4,312	$	4,312	$	4,312
Amortization of discounts and debt issuance costs		13,208		12,585		11,994
Total interest expense related to the 1.25% Notes	$	17,520	$	16,897	$	16,306