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Convertible Senior Secured Notes (Tables)
12 Months Ended
Dec. 31, 2016
Convertible Senior Secured Notes  
Summary of issuance of Notes reflected in balance sheet

 

The table below summarizes activity related to the Notes from issuance on May 3, 2013 through December 31, 2016, in thousands:

                                                                                                                                                                                    

Gross proceeds

 

$

90,000

 

Initial value of interest make-whole derivative reported as debt discount

 

 

(9,270

)

Conversion option reported as debt discount and APIC

 

 

(22,336

)

Conversion of debt to equity—principal

 

 

(81,463

)

Conversion of debt to equity—accretion of debt discount and deferred financing costs

 

 

25,003

 

Accretion of debt discount and deferred financing costs

 

 

5,151

 

​  

​  

December 31, 2015 carrying value

 

 

7,085

 

Conversion of debt to equity—principal

 

 

(3,962


)

Conversion of debt to equity—accretion of debt discount and deferred financing costs

 

 

764

 

Accretion of debt discount and deferred financing costs

 

 

278

 

​  

​  

December 31, 2016 carrying value

 

$

4,165

 

​  

​  

​  

​