Debt (Tables)

9 Months Ended

Sep. 30, 2022

The following table presents the outstanding principal amount and carrying value of the Company’s Convertible Notes (in thousands):


	September 30, 2022		December 31, 2021
Notes due in 2026
Outstanding principal amount	$	69,125	$	138,250
Unamortized debt issuance costs	(1,667)		(4,007)
Carrying Value	$	67,458	$	134,243

Notes due in 2028
Outstanding principal amount	$	240,000	$	—
Unamortized debt issuance costs	(7,202)		—
Carrying Value	$	232,798	$	—

Convertible notes, net	$	300,256	$	134,243

Schedule of Components of the Loss on Debt Extinguishment

The table below presents

the components of the Loss on debt extinguishment recorded in the Company's condensed consolidated statements of operations in the three months ended June 30, 2022 (amounts in thousands, except share and per share amounts):


Shares issued for repurchase	1,354,348
Closing price of Cutera common stock on May 24, 2022	$	41.31
Value of shares issued			$	55,948
Cash used for repurchase			45,776
Total shares and cash						$	101,724
2026 Note principal exchanged						(69,125)
						32,599

2026 Notes: Unamortized debt issuance costs on May 24, 2022			$	3,648
Portion of 2026 Note principal exchanged			50		%	1,824

Loss on debt extinguishment						$	34,423