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Debt (Tables)
6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Convertible Notes

The Convertible Notes consisted of the following (in thousands):

 

 

June 30, 2022

 

 

December 31, 2021

 

 

 

2027 Notes

 

 

2024 Notes

 

 

2027 Notes

 

 

2024 Notes

 

Principal

 

$

230,000

 

 

$

81,754

 

 

$

 

 

$

230,000

 

Less: unamortized debt discount (1)

 

 

 

 

 

 

 

 

 

 

 

27,022

 

Less: unamortized debt issuance costs

 

 

5,835

 

 

 

1,243

 

 

 

 

 

 

3,273

 

Net carrying amount

 

$

224,165

 

 

$

80,511

 

 

$

 

 

$

199,705

 

 

(1)
The Company adopted ASU 2020-06 on January 1, 2022, which resulted in the convertible notes to be accounted for as a single liability.
Schedule of Interest Expense Related to Convertible Notes

The interest expense recognized related to the Convertible Notes was as follows (in thousands):

 

 

 

Three Months Ended
 June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Contractual interest expense

 

$

194

 

 

$

144

 

 

$

338

 

 

$

288

 

Amortization of debt issuance costs and discount (1)

 

 

406

 

 

 

2,831

 

 

 

818

 

 

 

5,625

 

Total

 

$

600

 

 

$

2,975

 

 

$

1,156

 

 

$

5,913

 

 

(1)
The 2021 amount includes the amortization of the debt discount prior to the adoption of ASU 2020-06 of January 1, 2022.