Debt (Tables)

12 Months Ended

Dec. 31, 2023

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


	Year Ended December 31,
	2023		2022
Notes due in 2026

Outstanding principal amount	$	69,125	$	69,125
Unamortized debt issuance costs	(1,084)		(1,553)
Carrying Value	$	68,041	$	67,572

Notes due in 2028
Outstanding principal amount	$	240,000	$	240,000
Unamortized debt issuance costs	(5,714)		(6,908)
Carrying Value	$	234,286	$	233,092

Notes due in 2029
Outstanding principal amount	$	120,000	$	120,000
Unamortized debt issuance costs	(3,632)		(4,205)
Carrying Value	$	116,368	$	115,795

Convertible notes, net	$	418,695	$	416,459

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 consolidated statements of operations for the year ended December 31, 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)
Value of shares and cash exchanged						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