Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.22.4
Debt (Tables)
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Convertible Debt Obligations
The Company’s outstanding debt obligations as of December 31, 2022 and 2021 were as follows:

  December 31,
  2022 2021
(in thousands)
Revolving credit facility balance $ —  $ — 
Convertible Notes due 2023 $ 45,000  $ 345,000 
Unamortized issuance costs on Convertible Notes due 2023 (114) (2,979)
Convertible Notes due 2023 carrying value $ 44,886  $ 342,021 
Convertible Notes due 2025 $ 317,500  $ 517,500 
Unamortized issuance costs on Convertible Notes due 2025 (4,765) (10,659)
Convertible Notes due 2025 carrying value $ 312,735  $ 506,841 
Convertible Notes due 2027 $ 575,000  $ — 
Unamortized issuance costs on Convertible Notes due 2027 (15,966) — 
Convertible Notes due 2027 carrying value $ 559,034  $ — 
Schedule of Interest Expense
Interest expense was comprised of the following and is included in other income (expense), net in the consolidated statements of operations:

  Year Ended December 31,
  2022 2021 2020
(in thousands)
Coupon interest $ 10,897  $ 9,919  $ 7,442 
Amortization of issuance costs (1)
4,678  5,745  3,396 
Undrawn and other fees 1,268  1,267  796 
Accretion of debt discount —  —  14,084 
Interest on revolving credit facility —  —  5,786 
Total interest expense $ 16,843  $ 16,931  $ 31,504 
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(1) For the year ended December 31, 2022, amount includes a net gain on the extinguishment of debt of $1.7 million related to the partial repurchase of Convertible Notes due 2023 and Convertible Notes due 2025.