LONG-TERM DEBT AND COMMITTMENTS (Tables)

3 Months Ended

Mar. 31, 2016

LONG-TERM DEBT AND COMMITMENTS

Schedule of debt

Debt is as follows (in thousands):

	March 31,
	2016
Convertible Senior Notes due 2020	$	250,000
Senior Secured Notes due 2018		38,803
		288,803
Less: Debt issuance costs		(3,079)
Less: Discount on convertible senior notes		(51,998)
		233,726
Less: Current portion		(14,944)
Long-term debt, net of current portion	$	218,782
Future estimated payments on debt as of March 31, 2016 are as follows:
2016 (remaining nine months)	$	26,250
2017		31,250
2018		21,611
Total		79,111
Less: Interest portion		(40,308)
Senior Secured Notes	$	38,803