Debt (Tables)

3 Months Ended

Mar. 31, 2014

Debt Instrument [Line Items]

Schedule of principal amounts, unamortized discount and net carrying amounts

The following table sets forth information related to the 2033 Senior Notes which is included our Condensed Consolidated Balance Sheets:

(In thousands)	Embedded conversion option		2033 Senior Notes		Discount			Total
Balance at December 31, 2013	$	101,087	$	158,064	$	(47,239	)	$	211,912
Amortization of debt discount	—		—		1,777			1,777
Change in fair value of embedded derivative	11,112		—		—			11,112
Balance at March 31, 2014	$	112,199	$	158,064	$	(45,462	)	$	224,801

Summary of lines of credit

(Dollars in thousands)			Balance Outstanding
Lender	Interest rate on borrowings at March 31, 2014	Credit line capacity	March 31, 2014	December 31, 2013
Itau Bank	5.00%	$3,000	$1,628	$1,999
Bank of Chile	6.40%	2,250	1,534	2,079
BICE Bank	5.00%	1,700	1,315	516
Corp Banca	—%	—	—	(47)
BBVA Bank	5.00%	2,000	998	523
Penta Bank	8.20%	1,000	907	946
Security Bank	7.26%	1,300	907	1,075
BCI	—%	—	—	198
Estado Bank	5.44%	2,000	858	1,772
Sabadell Bank	4.50%	206	—	—
Bilbao Vizcaya Bank	4.72%	344	—	—
Banco Popular	6.09%	275	—	—
Deutsche Bank	4.00%	206	—	—
Santander Bank	4.50%	275	—	—
Total		$14,556	$8,147	$9,061

Farmadiet Acquisition [Member]

Debt Instrument [Line Items]

Schedule of principal amounts, unamortized discount and net carrying amounts

At March 31, 2014 and December 31, 2013, we had mortgage notes and other debt related to OPKO Spain as follows:

(In thousands)	March 31, 2014		December 31, 2013
Current portion of notes payable	$	631	$	1,964
Other long-term liabilities	3,101		3,270
Total mortgage notes and other debt	$	3,732	$	5,234

Notes [Member]

Debt Instrument [Line Items]

Inputs to lattice model used to value the embedded derivative

The following table sets forth the inputs to the lattice model used to value the embedded derivative:

	March 31, 2014	Issuance Date
Stock price	$9.32	$6.20
Conversion Rate	141.4827	141.4827
Conversion Price	$7.07	$7.07
Maturity date	February 1, 2033	February 1, 2033
Risk-free interest rate	1.66%	1.12%
Estimated stock volatility	50%	40%
Estimated credit spread	823 basis points	944 basis points

Fair value of notes with and without the embedded derivatives and fair value of embedded derivatives

The following table sets forth the fair value of the 2033 Senior Notes with and without the embedded derivatives, and the fair value of the embedded derivatives as of the issuance date and March 31, 2014. At March 31, 2014 and at issuance date the principal amount of the 2033 Senior Notes was $158.1 million and $175.0 million, respectively:

(In thousands)	March 31, 2014		Issuance Date
Fair value of 2033 Senior Notes:
With the embedded derivatives	$	230,362	$	175,000
Without the embedded derivatives	$	118,163	$	115,796
Estimated fair value of the embedded derivatives	$	112,199	$	59,204