XML 44 R31.htm IDEA: XBRL DOCUMENT v3.22.2
Debt Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 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):

 

 

 

June 30,

 

 

 

2022

 

Principal

 

$

287,500

 

Unamortized debt discount

 

 

(7,906

)

Unamortized debt issuance costs

 

 

(622

)

Net carrying value

 

$

278,972

 

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
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2022

 

Coupon interest

 

$

719

 

 

$

1,168

 

Amortization of debt discount

 

 

431

 

 

 

719

 

Amortization of transaction costs

 

 

38

 

 

 

62

 

Total interest expense

 

$

1,188

 

 

$

1,949

 

 

 

 

 

 

 

 

Schedule of Carrying Value and Estimated Fair Value of Notes The Company estimates the fair value of the 2027 Notes with inputs that are observable in the market. The following table presents the carrying value and estimated fair value of the 2027 Notes as of the date indicated (in thousands):

 

 

 

June 30, 2022

 

 

 

 

Carrying Value

 

 

Fair Value

 

 

2027 Notes

 

$

278,972

 

 

$

285,789

 

(1)

(1) The fair value is estimated using a discounted cash flow analysis, using interest rate that we believe are offered for similar borrowings (a Level 3 measurement).