19. Capital Structure Summary
(($March 31, 2018
March 31, 2018
Pro Forma for
Offering
Cash (1) $81.8(1) $211.7 (2)
Total Debt $0.0 $143.8
Notes:
(1) Includes cash, cash equivalents, and short-term investments
(2) Based on $81.8MM cash, cash equivalents and investments as of 3/31/18 plus net offering proceeds of $129.9MM convertible debt issuance
19
$143.8M of Convertible Notes due 2023
• 5-year Non-call life
• Coupon: 1.5%
• Conversion Premium of 60% ($38.94) with
Call Spread
• Effective Cost of Capital with Call Spread:
2.7%