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Convertible Senior Notes (Tables)
3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Summary of Convertible Notes
The 2026 Notes consist of the following:
 
 
As of March 31, 2020
 
As of December 31, 2019
Liability component:
 
 
 
 
Principal
 
$
316,250

 
$
316,250

Unamortized debt discount
 
(76,073
)
 
(78,672
)
Unamortized debt issuance costs
 
(5,732
)
 
(5,931
)
Net carrying amount
 
234,445

 
231,647

 
 
 
 
 
Equity component: 
 
 
 
 
Net carrying amount
 
$
81,550

 
$
81,550


The 2023 Notes consist of the following:
 
 
As of March 31, 2020
 
As of December 31, 2019
Liability component:
 
 
 
 
Principal
 
$
229,997

 
$
229,999

Unamortized debt discount
 
(30,942
)
 
(33,376
)
Unamortized debt issuance costs
 
(3,228
)
 
(3,486
)
Net carrying amount
 
195,827

 
193,137

 
 
 
 
 
Equity component:
 
 
 
 
Net carrying amount
 
$
48,919

 
$
48,919


Summary of Interest Expense
The following table sets forth total interest expense recognized related to the 2023 Notes:
 
 
Three months ended March 31,
 
 
2020
 
2019
Contractual interest expense
 
$
431

 
$
437

Amortization of debt issuance costs
 
259

 
250

Amortization of debt discount
 
2,434

 
2,298

Total
 
$
3,124

 
$
2,985


The following table sets forth total interest expense recognized related to the 2026 Notes:
 
 
Three months ended
 
 
March 31, 2020
Contractual interest expense
 
$
586

Amortization of debt issuance costs
 
200

Amortization of debt discount
 
2,597

Total
 
$
3,383