DEBT (Tables)

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Schedule of composition of the Company's debt and financing obligations

The composition of the Company’s debt and financing obligations is as follows (in thousands):

	March 31,			December 31,
	2016			2015
Debt:
3.25% convertible senior notes	$	118,533		$	118,533
Deferred financing costs	(1,735		)	(1,888		)
Discount on debt	(11,583		)	(12,605		)
Total debt, net of debt discount	$	105,215		$	104,040

Schedule of total interest expense recognized related to the Notes

The following table sets forth the total interest expense recognized (in thousands):

	Three Months Ended
	March 31,
	2016			2015
Contractual interest expense	$	963		$	967
Amortization of debt issuance costs	153			155
Amortization of debt discount	1,022			1,035
Capitalized interest (Note 4)	(270		)	(161		)
Total	$	1,868		$	1,996
Effective interest rate on the Notes	7.22		%	7.19		%