Convertible Notes Payable (Tables)

9 Months Ended

Sep. 30, 2017

Debt Disclosure [Abstract]

Schedule of outstanding balances of convertible notes

The outstanding balances of the Convertible Notes as of September 30, 2017 consisted of the following (in thousands):

	2024 Convertible Notes
Liability component:
Principal	$	305,000
Less: debt discount and issuance costs, net	(142,241		)
Net carrying amount	$	162,759
Equity component:	$	134,450

Schedule of interest expense recognized related to convertible notes

The following table sets forth total interest expense recognized related to the Convertible Notes during the three and nine months ended September 30, 2017 and 2016 (in thousands):

	Three and Nine Months Ended September 30,
	2017		2016
Contractual interest expense	$	1,195	$	—
Amortization of debt discount	1,568		—
Total interest expense	$	2,763	$	—

Schedule of future minimum payments on long-term debt

Future minimum payments on our long-term debt as of September 30, 2017 were as follows (in thousands):

Years ended December 31,	Future Minimum Payments
2017	$	—
2018	9,582
2019	9,150
2020	9,150
2021	9,150
2022 and Thereafter	332,450
Total minimum payments	$	369,482
Less: interest	(64,482		)
Less: unamortized discount	(142,241		)
Less: current portion	—
Long Term Debt	$	162,759