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Convertible Notes Payable (Tables)
3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Outstanding Balances of Convertible Notes
The outstanding balances of the Convertible Notes as of March 31, 2022 consisted of the following (in thousands):
2024 Convertible Notes
Liability
Principal$192,753 
Less: debt discount and issuance costs, net(2,067)
Net carrying amount$190,686 
Schedule of Interest Expense Recognized Related to Debt
The following table sets forth total interest expense recognized related to the Convertible Notes during the three months ended March 31, 2022 and 2021 (in thousands):
Three Months Ended March 31,
20222021
Contractual interest expense$1,446 $2,157 
Amortization of debt discount196 293 
Amortization of debt issuance costs11 16 
Total interest expense$1,653 $2,466 
The following table sets forth total interest expense recognized related to the Term Facility during the three months ended March 31, 2022 and 2021 (in thousands):
Three Months Ended March 31
20222021
Contractual interest expense$2,961 $1,037 
Amortization of debt discount208 49 
Total interest expense$3,169 $1,086 
Schedule of Future Minimum Payments on Long-Term Debt
Future minimum payments on the Company’s Convertible Notes as of March 31, 2022 are as follows (in thousands):
Years ended December 31,
Future Minimum Payments
20222,891 
20235,783 
2024198,535 
Total minimum payments
$207,209 
Less: interest
(14,456)
Less: unamortized discount
(2,067)
Less: current portion
— 
Convertible notes payable
$190,686 
Future minimum payments on the Term Facility as of March 31, 2022 are as follows (in thousands):
Years ended December 31,
Future Minimum Payments
20228,719 
202361,302 
2024102,260 
Total minimum payments
$172,281 
Less: interest
(22,281)
Less: unamortized issuance costs
(1,527)
Less: current portion
— 
Term loan
$148,473