Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.20.2
Debt (Tables)
 6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Schedule of convertible debt obligations
The Company’s outstanding debt obligations as of June 30, 2020 and December 31, 2019 were as follows: 
  June 30, December 31,
  2020 2019
Revolving credit facility balance $ 275,000    $ 260,000   
Convertible Notes due 2023 $ 345,000    $ 345,000   
Unaccreted discount on Convertible Notes due 2023 (28,811)   (33,491)  
Unamortized issuance costs on Convertible Notes due 2023 (5,158)   (5,996)  
Convertible Notes due 2023 carrying value(1)
$ 311,031    $ 305,513   
(1) The effective interest rate on the liability component of the Convertible Notes due 2023 was 6% for the three and six months ended June 30, 2020 and 2019.
Schedule of interest expense
Interest expense was comprised of the following and is included in other expense, net in the condensed consolidated statement of operations:
  Three Months Ended Six Months Ended
  June 30, June 30,
  2020 2019 2020 2019
Accretion of debt discount $ 2,349    $ 3,784    $ 4,680    $ 7,542   
Interest on revolving credit facility 2,009    1,196    4,527    1,196   
Coupon interest 1,510    2,264    3,011    4,528   
Amortization of issuance costs 633    862    1,264    1,720   
Undrawn and other fees 133    157    286    373   
 Total interest expense $ 6,634    $ 8,263    $ 13,768    $ 15,359