Notes Payable (Tables)

6 Months Ended

Jun. 30, 2020

Table Text Blocks

Schedule of outstanding Convertible Note

The Company’s outstanding balances for the convertible senior notes as of June 30, 2020 and December 31, 2019 consisted of the following (in thousands):

	June 30, 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		(94,475)		(104,700)
Less: unamortized debt issuance costs		(7,300)		(8,005)
Net carrying amount	$	418,924	$	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 and six months ended June 30, 2020 and 2019 (in thousands):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Contractual interest expense	$	1,802	$	1,889	$	3,609	$	3,777
Amortization of debt issuance costs		360		283		705		555
Amortization of debt discount		5,156		4,164		10,224		8,239
Total interest expense	$	7,318	$	6,336	$	14,538	$	12,571

Schedule of future minimum payments details of debt

Future minimum payments under the convertible senior notes as of June 30, 2020 are as follows (in thousands):

2020(1)	$	3,608
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		550,130
Less: amounts representing interest		(29,431)
Less: unamortized debt discount		(94,475)
Less: unamortized debt issuance costs		(7,300)
Convertible senior notes balance	$	418,924

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