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Debt Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Outstanding Principal Amount and Carrying Value of Notes

The following table presents the outstanding principal amount and carrying value of the 2027 Notes as of the dates indicated (in thousands):

 

 

 

March 31,

 

 

 

2022

 

Principal

 

$

287,500

 

Unamortized debt discount

 

 

(8,338

)

Unamortized debt issuance costs

 

 

(651

)

Net carrying value

 

$

278,511

 

Schedule of Interest Expense Related to Notes Interest expense related to the 2027 Notes for the periods presented below was as follows (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2022

 

Coupon interest

 

$

449

 

Amortization of debt discount

 

 

287

 

Amortization of transaction costs

 

 

25

 

Total interest expense

 

$

761

 

 

 

 

 

 

Schedule of Carrying Value and Estimated Fair Value of Notes The following table presents the carrying value and estimated fair value of the 2027 Notes as of the date indicated (in thousands):

 

 

 

March 31, 2022

 

 

 

 

Carrying Value

 

 

Fair Value

 

 

2027 Notes

 

$

278,511

 

 

$

284,906

 

(1)

(1) A Level 3 measurement.