Long-term Debt (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Components of Borrowings, Including Current Portion

The outstanding balances of the Company’s Convertible Notes and previously outstanding term loan consisted of the following (in thousands):

	September 30, 2020		December 31, 2019
Outstanding principal of Convertible Note	$	230,000	$	—
Borrowings under term loan agreement	—		80,000
Paid-in-kind interest on term loan agreement	—		2,593
Less: unamortized debt discounts and issuance costs	(60,036)		(2,642)
Long-term debt, net	$	169,964	$	79,951
Fair value of outstanding Convertible Notes	$	279,917
Amount by which the Convertible Notes if-converted value exceeds their principal amount	$	—
Net carrying amount of equity component of Convertible Notes	$	58,543

Schedule of Interest Expense

The following table sets forth total interest expense recognized related to the Convertible Notes (in thousands):

	September 30, 2020
	Three Months Ended		Nine Months Ended
Contractual interest expense	$	1,493	$	3,388
Amortization of debt discount and issuance costs	2,655		5,910
Total interest expense	$	4,148	$	9,298