Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The Term Loan consisted of the following (in thousands):

	December 31,
	2019			2018
Principal	$	47,500		$	47,500
Less: unamortized debt discount and debt issuance costs	(962		)	(2,454		)
Net carrying amount	$	46,538		$	45,046

Schedule of Debt

The following table sets forth total interest expense recognized related to the Term Loan during the years ended December 31, 2019 and 2018 (in thousands):

	Year Ended December 31,
	2019		2018
Contractual interest expense	$	4,789	$	4,684
Amortization of debt discount	1,331		1,331
Amortization of debt issuance costs	161		160
Total interest expense	$	6,281	$	6,175

Schedule of Convertible Notes Components

The Convertible Notes consisted of the following (in thousands):

	December 31,
	2019			2018
Liability component:
Principal	$	105,125		$	105,125
Less: unamortized debt discount and debt issuance costs	(3,791		)	(12,071		)
Net carrying amount	$	101,334		$	93,054
Equity component	$	41,905		$	41,905

 

Schedule of Convertible Notes Interest Expense

The following table sets forth total interest expense recognized related to the Convertible Notes during the years ended December 31, 2019 and 2018 (in thousands):

	Year Ended December 31,
	2019		2018
Contractual interest expense	$	5,782	$	5,782
Amortization of debt discount	7,821		7,822
Amortization of debt issuance costs	459		459
Total interest expense	$	14,062	$	14,063

Schedule of Maturities of Long-term Debt

At December 31, 2019, the minimum calendar year principal payments and maturities of long-term debt were as follows, assuming no repurchases or conversions of the Novatel Wireless Notes prior to June 15, 2020, the maturity date, or the Inseego Notes prior to June 15, 2022, the maturity date (in thousands):

2020	$	47,750
2021	—
2022	104,875
2023	—
2024	—
Thereafter	—
Total	$	152,625