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Debt (Tables)
9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Net Carrying Amount of Liability and Equity Components of Notes

The net carrying amount of the liability and equity components of the Notes was as follows (in thousands):

 

 

 

September 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Liability component:

 

 

 

 

 

 

 

 

Principal

 

$

690,000

 

 

$

690,000

 

Unamortized debt discount

 

 

(89,500

)

 

 

(106,224

)

Unamortized transaction costs

 

 

(11,223

)

 

 

(13,320

)

Net carrying amount

 

$

589,277

 

 

$

570,456

 

 

 

 

 

 

 

 

 

 

Equity component, net of transaction costs

 

$

114,938

 

 

$

114,938

 

Schedule of Interest Expense Recognized Related to Notes

 

Interest expense recognized related to the Notes was as follows (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Contractual interest expense

 

$

431

 

 

$

431

 

 

$

1,294

 

 

$

504

 

Amortization of debt discount

 

 

5,631

 

 

 

5,408

 

 

 

16,724

 

 

 

6,304

 

Amortization of transaction costs

 

 

706

 

 

 

678

 

 

 

2,097

 

 

 

790

 

Total

 

$

6,768

 

 

$

6,517

 

 

$

20,115

 

 

$

7,598