Notes Payable (Tables)

3 Months Ended

9 Months Ended

Mar. 31, 2020

Sep. 30, 2019

Table Text Blocks

Schedule of outstanding Convertible Note

The Company’s outstanding balances for the convertible senior notes as of March 31, 2020 and December 31, 2019 consisted of the following (in thousands):

	March 31, 2020		December 31, 2019
Liability component:
Principal:
2022 Convertible Notes	$	120,699	$	120,699
2024 Convertible Notes		200,000		200,000
2026 Convertible Notes		200,000		200,000
Less: unamortized debt discount		(99,631)		(104,700)
Less: unamortized debt issuance costs		(7,659)		(8,005)
Net carrying amount	$	413,409	$	407,994
Equity component:
2022 Convertible Notes		19,807		19,807
2024 Convertible Notes		41,152		41,152
2026 Convertible Notes		51,350		51,350
Total equity component	$	112,309	$	112,309

Schedule of interest expense related to Convertible Notes

The following table sets forth total interest expense recognized related to convertible senior notes during the three months ended March 31, 2020 and 2019 (in thousands):

	Three Months Ended
	March 31,
	2020		2019
Contractual interest expense	$	1,805	$	1,888
Amortization of debt issuance costs		346		272
Amortization of debt discount		5,069		4,075
Total interest expense	$	7,220	$	6,235

Schedule of future minimum payments details of debt

2020(1)	$	7,216
2021		7,216
2022		126,556
2023		4,500
2024		203,750
2025		3,000
2026 and Thereafter		201,500
Total future minimum payments under the convertible senior notes		553,738
Less: amounts representing interest		(33,039)
Less: unamortized debt discount		(99,631)
Less: unamortized debt issuance costs		(7,659)
Convertible senior notes balance	$	413,409

(1) For the nine months ending December 31, 2020.

Future minimum payments under the convertible senior notes as of March 31, 2020 are as follows (in thousands):