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Debt (Tables)
12 Months Ended
Jun. 30, 2017
Debt  
Schedule of carrying values of all Convertible Notes

 

        The following table presents the carrying values of all Convertible Notes and notes issued pursuant to the Revolving Credit Facility (collectively, "Notes") as of June 30, 2017 (in thousands):

                                                                                                                                                                                    

 

 

Revolving
Loan

 

3.50%
Convertible
Notes

 

3.50%
Series A
Convertible
Notes

 

Total

 

Carrying amount of equity conversion component

 

$

 

$

 

$

7,844

 

$

7,844

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Principal amount of the Notes

 

$

51,548

 

$

44,654

 

$

70,346

 

$

166,548

 

Unamortized debt costs

 

 

 

 

(555

)

 

 

 

(555

)

Unamortized debt discount

 

 

 

 

 

 

(1,422

)

 

(1,422

)

​  

​  

​  

​  

​  

​  

​  

​  

Net carrying amount

 

$

51,548

 

$

44,099

 

$

68,924

 

$

164,571

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Summary of interest expense on all Convertible Notes

 

        A summary of interest expense on the Notes is as follows (in thousands):

                                                                                                                                                                                    

 

 

Year ended June 30,

 

 

 

2017(1)

 

2016

 

2015

 

Interest expense related to contractual interest coupon

 

$

9,465

 

$

9,411

 

$

7,774

 

Interest expense related to amortization of debt discount

 

 

4,052

 

 

6,321

 

 

7,241

 

Interest expense related to amortization of debt issuance costs

 

 

3,785

 

 

1,728

 

 

1,503

 

​  

​  

​  

​  

​  

​  

Total

 

$

17,302

 

$

17,460

 

$

16,518

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  


 

 

 

 

 

(1)          

Debt issuance costs were higher in fiscal year 2017 due to the repayment of the Secured Loan and the write-off of the related debt issuance costs.