Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.21.2
Debt (Tables)
6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Schedule of convertible debt obligations
The Company’s outstanding debt obligations as of June 30, 2021 and December 31, 2020 were as follows: 
  June 30, December 31,
  2021 2020
(in thousands)
Revolving credit facility balance $ —  $ — 
Convertible Notes due 2023 $ 345,000  $ 345,000 
Unamortized issuance costs on Convertible Notes due 2023 (3,999) (4,306)
Unaccreted discount on Convertible Notes due 2023 —  (24,058)
Convertible Notes due 2023 carrying value $ 341,001  $ 316,636 
Convertible Notes due 2025 $ 517,500  $ 517,500 
Unamortized issuance costs on Convertible Notes due 2025 (12,090) (11,731)
Unaccreted discount on Convertible Notes due 2025 —  (65,902)
Convertible Notes due 2025 carrying value $ 505,410  $ 439,867 
Schedule of interest expense
Interest expense was comprised of the following and is included in other expense, net in the condensed consolidated statements of operations:
  Three Months Ended Six Months Ended
  June 30, June 30,
  2021 2020 2021 2020
(in thousands)
Coupon interest $ 2,480  $ 1,510  $ 4,960  $ 3,011 
Amortization of issuance costs 1,429  633  2,852  1,264 
Undrawn and other fees 316  133  628  286 
Interest on revolving credit facility —  2,009  —  4,527 
Accretion of debt discount —  2,349  —  4,680 
 Total interest expense $ 4,225  $ 6,634  $ 8,440  $ 13,768