XML 42 R29.htm IDEA: XBRL DOCUMENT v3.20.2
Convertible Senior Notes (Tables)
6 Months Ended
Jun. 30, 2020
2027 Notes  
Convertible Senior Notes  
Summary of the Notes

The 2027 Notes consist of the following (in thousands):

As of June 30,

Liability component

    

2020

    

Principal

$

1,000,000

Less: Debt discount, net (1)

(305,639)

Net carrying amount

$

694,361

(1)Included in the accompanying consolidated balance sheet within convertiable senior notes and amortized to interest expense over the expected life of the 2027 Notes using the effective interest rate method.
Schedule of total interest expense recognized related to the Notes

The following table sets forth total interest expense recognized related to the 2027 Notes (in thousands):

Six Months Ended 

June 30,

    

2020

Contractual interest expense

 

$

1,493

Amortization of debt discount

 

4,033

Total

 

$

5,526

Effective interest rate of the liability component

 

7.0

%

2025 Notes  
Convertible Senior Notes  
Summary of the Notes

The 2025 Notes consist of the following (in thousands):

As of June 30,

As of December 31,

Liability component

    

2020

    

2019

Principal

$

287,500

$

287,500

Less: Debt discount, net (2)

(74,989)

(81,207)

Net carrying amount

$

212,511

$

206,293

(2)Included in the accompanying consolidated balance sheets within convertible senior notes and amortized to interest expense over the expected life of the 2025 Notes using the effective interest rate method.
Schedule of total interest expense recognized related to the Notes

The following table sets forth total interest expense recognized related to the 2025 Notes (in thousands):

Quarters Ended

Six Months Ended 

June 30,

June 30,

    

2020

2019

2020

2019

Contractual interest expense

 

$

989

$

1,002

$

1,977

$

1,977

Amortization of debt discount

 

3,142

 

2,892

 

6,218

 

5,728

Total

 

$

4,131

$

3,894

$

8,195

$

7,705

Effective interest rate of the liability component

 

7.9

%  

 

7.9

%  

 

7.9

%

 

7.9

%  

2022 Notes  
Convertible Senior Notes  
Summary of the Notes

The 2022 Notes consist of the following (in thousands):

As of June 30,

As of December 31,

Liability component

    

2020

    

2019

Principal

$

46,771

$

274,995

Less: Debt discount, net (3)

(5,465)

(40,878)

Net carrying amount

$

41,306

$

234,117

(3)Included in the accompanying consolidated balance sheets within convertible senior notes and amortized to interest expense over the expected life of the 2022 Notes using the effective interest rate method.
Schedule of total interest expense recognized related to the Notes

The following table sets forth total interest expense recognized related to the 2022 Notes (in thousands):

Quarters Ended

Six Months Ended 

June 30,

June 30,

2020

  

2019

    

    

2020

  

2019

Contractual interest expense

$

1,286

$

2,091

 

$

3,349

$

4,125

Amortization of debt discount

 

2,521

 

3,412

 

6,281

 

6,786

Total

$

3,807

$

5,503

 

$

9,630

$

10,911

Effective interest rate of the liability component

 

10.0

%  

 

10.0

%  

 

10.0

%  

 

10.0

%