Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.20.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Schedule of convertible debt obligations
The Company’s outstanding debt obligations as of March 31, 2020 and December 31, 2019 were as follows: 
 
 
March 31,
 
December 31,
 
 
2020
 
2019
Revolving credit facility balance
 
$
290,000

 
$
260,000

 
 
 
 
 
Convertible Notes due 2023
 
$
345,000

 
$
345,000

Unaccreted discount on Convertible Notes due 2023
 
(31,160
)
 
(33,491
)
Unamortized issuance costs on Convertible Notes due 2023
 
(5,578
)
 
(5,996
)
Convertible Notes due 2023 carrying value(1)
 
$
308,262

 
$
305,513



(1) The effective interest rate on the liability component of the Convertible Notes due 2023 was 6% for the three months ended March 31, 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
 
 
March 31,
 
 
2020
 
2019
Interest on revolving credit facility
 
$
2,518

 
$
—

Accretion of debt discount
 
2,331

 
3,758

Coupon interest
 
1,501

 
2,264

Amortization of issuance costs
 
631

 
858

Undrawn and other fees
 
153

 
216

 Total interest expense

$
7,134

 
$
7,096