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Debt (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Annual Principal and Interest Payments Due Under Term Loan

As of December 31, 2019, annual principal and interest payments due under the 2019 term loan are as follows: 

 

Year

 

Aggregate

Minimum

Payments

(in thousands)

 

2020

 

 

2,736

 

2021

 

 

14,611

 

2022

 

 

14,816

 

2023

 

 

13,903

 

2024

 

 

3,018

 

Total

 

$

49,084

 

Less interest

 

 

(7,182

)

Less unamortized portion of final payment

 

 

(1,726

)

Total

 

$

40,176

 

Summary of Carrying Value of Convertible Notes

The table below summarizes the carrying value of the 2024 Convertible Notes as of December 31, 2019:

 

 

 

(in thousands)

 

Gross proceeds

 

$

201,250

 

Portion of proceeds allocated to equity component

    (additional paid-in capital)

 

 

(64,541

)

Debt issuance costs

 

 

(6,470

)

Portion of issuance costs allocated to equity

    component (additional paid-in capital)

 

 

2,075

 

Amortization of debt discount and debt issuance costs

 

 

21,099

 

Carrying value 2024 Convertible Notes

 

$

153,413