XML 44 R34.htm IDEA: XBRL DOCUMENT v3.19.2
Debt (Tables)
6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Schedule of Carrying Value of Debt

The carrying value of debt is as follows (in thousands):

 

 

 

June 30,

 

 

December 31,

 

 

 

2019

 

 

2018

 

Convertible senior notes

 

$

230,000

 

 

$

 

Revolving credit facility

 

 

 

 

 

30,950

 

Obligations for finance leases

 

 

1,298

 

 

 

813

 

Other borrowings

 

 

25

 

 

 

75

 

Total debt

 

 

231,323

 

 

 

31,838

 

Less: unamortized debt discount

 

 

51,443

 

 

 

 

Less: unamortized debt issuance costs

 

 

6,251

 

 

 

90

 

Less: current portion of long-term debt

 

 

472

 

 

 

331

 

Long-term debt, net of current portion

 

$

173,157

 

 

$

31,417

 

Schedule of Net Carrying Value of Liability Component of Convertible Notes

The net carrying value of the liability component of the Convertible Notes was as follows (in thousands):

 

 

June 30,

 

 

 

2019

 

Principal

 

$

230,000

 

Less: unamortized debt discount

 

 

51,443

 

Less: unamortized debt issuance costs

 

 

6,251

 

Net carrying amount

 

$

172,306

 

Schedule of Net Carrying Value of Equity Component of Convertible Notes

The net carrying value of the equity component of the Convertible Notes was as follows (in thousands):

 

 

June 30,

 

 

 

2019

 

Proceeds allocated to the conversion option (debt discount)

 

$

51,842

 

Less: issuance costs

 

 

1,833

 

Net carrying amount

 

$

50,009

 

Schedule of Interest Expense Recognized 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,

 

 

 

2019

 

 

2019

 

Contractual interest expense

 

$

25

 

 

$

25

 

Amortization of debt issuance cost and discount

 

 

447

 

 

 

447

 

Total

 

$

472

 

 

$

472