Note 9 - Convertible Senior Notes

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Long-term Debt [Text Block]

9. Convertible Senior Notes

In

November 

2005,

we issued

$300.0

million aggregate principal amount of

5.875%

convertible senior notes due

November 

30,

2035.

The convertible senior notes are unsecured, subordinate to existing and future secured obligations and structurally subordinate to existing and future claims of our subsidiaries’ creditors. These notes (net of repurchases since the issuance dates) are reflected within convertible senior notes on our consolidated balance sheets.   

No

put rights exist under our convertible senior notes.  

The following summarizes (in thousands) components of our consolidated balance sheets associated with our convertible senior notes:

	As of
	March 31, 2019			December 31, 2018
Face amount of convertible senior notes	$	88,280		$	88,280
Discount		(25,967	)		(26,138	)
Net carrying value	$	62,313		$	62,142
Carrying amount of equity component included in paid-in capital	$	108,714		$	108,714
Excess of instruments’ if-converted values over face principal amounts	$	—		$	—