Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.21.2
Debt (Tables)
9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
Schedule of convertible debt obligations
The Company’s outstanding debt obligations as of September 30, 2021 and December 31, 2020 were as follows: 
  September 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 (3,491) (4,306)
Unaccreted discount on Convertible Notes due 2023 —  (24,058)
Convertible Notes due 2023 carrying value $ 341,509  $ 316,636 
Convertible Notes due 2025 $ 517,500  $ 517,500 
Unamortized issuance costs on Convertible Notes due 2025 (11,376) (11,731)
Unaccreted discount on Convertible Notes due 2025 —  (65,902)
Convertible Notes due 2025 carrying value $ 506,124  $ 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 Nine Months Ended
  September 30, September 30,
  2021 2020 2021 2020
(in thousands)
Coupon interest $ 2,479  $ 1,951  $ 7,439  $ 4,962 
Amortization of issuance costs 1,443  922  4,295  2,186 
Undrawn and other fees 320  191  948  477 
Interest on revolving credit facility —  1,259  —  5,786 
Accretion of debt discount —  3,816  —  8,496 
 Total interest expense $ 4,242  $ 8,139  $ 12,682  $ 21,907