Convertible Notes, Net (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Outstanding Convertible Note Balances

The Company’s outstanding Convertible Notes balances as of December 31, 2016 consisted of the following (in thousands):



Liability component:
Principal	$	324,998
Less: debt discount	(99,414		)
Net carrying amount	$	225,584
Equity component	$	—

(1) Represents interest payable within one year after December 31, 2016.

Schedule of Total Interest Expense Recognized Related to Convertible Notes

The following table sets forth total interest expense recognized related to the Convertible Notes during the year ended December 31, 2016 (in thousands):



	Years Ending December 31, 2016
Contractual interest expense	$	577
Amortization of debt discount	2,676
Total	$	3,253

Summary of Future Minimum Payments under Term Loan Agreements

Future minimum payments under the Company’s Convertible Notes are as follows (in thousands):



Years Ending December 31,
2017	$	6,500
2018	6,500
2019	329,060
	342,060
Less amounts representing interest	(17,062		)
Less amortization of debt discount, net	(99,414		)
Net carrying amount of convertible notes	$	225,584