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Debt (Tables)
3 Months Ended
Mar. 31, 2015
Debt Disclosure [Abstract]  
Summary of Convertible Notes and Equity Component

The Convertible Notes and the equity component, which is recorded in additional paid-in-capital, consisted of the following:

 

     March 31,
2015
     December 31,
2014
 
     (in thousands)  

Principal amount

   $ 143,750       $ 143,750   

Unamortized discount

     (26,879      (28,947
  

 

 

    

 

 

 

Net carrying amount

$ 116,871    $ 114,803   
  

 

 

    

 

 

 

Equity component

$ 55,038    $ 55,038   
  

 

 

    

 

 

 
Summary of Interest Expense Related to Convertible Notes

For the three months ended March 31, 2015 and 2014, interest expense related to the Convertible Notes was as follows:

 

     Three Months Ended
March 31
 
     2015      2014  
     (in thousands)  

Stated amount at 3.5% coupon rate

   $ 1,258       $ 1,258   

Amortization of discount

     2,068         1,834   

Amortization of deferred financing costs

     111         99   
  

 

 

    

 

 

 
$ 3,437    $ 3,191