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Debt (Tables)
6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Convertible Notes

 


The Convertible Notes consisted of the following as of June 30, 2020:

 

 

 

2017 Convertible Notes

 

 

2015 Convertible Notes

 

Remaining life in months

 

 

47

 

 

 

23

 

Liability component:

 

 

 

 

 

 

 

 

Gross proceeds

 

$

289,000

 

 

$

224,500

 

Less: debt discount, net of amortization

 

 

(42,795

)

 

 

(16,934

)

Less: debt issuance cost, net of amortization

 

 

(3,318

)

 

 

(1,569

)

Net carrying amount

 

$

242,887

 

 

$

205,997

 

 

 

 

 

 

 

 

 

 

Equity component (1)

 

$

70,140

 

 

$

52,903

 

 

(1)

Included in Additional paid-in-capital on the consolidated balance sheet as of June 30, 2020.

Summary of Interest Expense Recognized

The following table presents the amount of interest expense recognized related to the Convertible Notes:

 

 

 

For the Three Months Ended

 

 

 

For the Six Months Ended

 

 

 

June 30, 2020

 

 

June 30, 2019

 

 

 

June 30, 2020

 

 

June 30, 2019

 

Contractual interest coupon

 

$

2,618

 

 

$

2,618

 

 

 

$

5,235

 

 

$

5,235

 

Amortization of debt discount

 

 

4,457

 

 

 

4,186

 

 

 

 

8,845

 

 

 

8,308

 

Amortization of debt issuance costs

 

 

391

 

 

 

375

 

 

 

 

777

 

 

 

747

 

Total interest expense recognized

 

$

7,466

 

 

$

7,179

 

 

 

$

14,857

 

 

$

14,290