Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.21.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Schedule of convertible debt obligations
The Company’s outstanding debt obligations as of March 31, 2021 and December 31, 2020 were as follows: 
  March 31, 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 (4,503) (4,306)
Unaccreted discount on Convertible Notes due 2023 —  (24,058)
Convertible Notes due 2023 carrying value $ 340,497  $ 316,636 
Convertible Notes due 2025 $ 517,500  $ 517,500 
Unamortized issuance costs on Convertible Notes due 2025 (12,802) (11,731)
Unaccreted discount on Convertible Notes due 2025 —  (65,902)
Convertible Notes due 2025 carrying value $ 504,698  $ 439,867 
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,
  2021 2020
(in thousands)
Coupon interest $ 2,479  $ 1,501 
Amortization of issuance costs 1,423  631 
Undrawn and other fees 313  153 
Interest on revolving credit facility —  2,518 
Accretion of debt discount —  2,331 
 Total interest expense $ 4,215  $ 7,134