Convertible Notes

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Convertible Notes

12. Convertible Notes

The Company has convertible senior notes with a face value of $475,000. As of September 30, 2020, the convertible notes are not yet convertible and the Company is in compliance with all covenants.

The following table sets forth the net carrying amount of the convertible notes:

	September 30, 2020			December 31, 2019
5.00% Convertible Notes	$	475,000		$	475,000
Unamortized discount		(28,133	)		(34,219	)
Unamortized transaction costs		(8,713	)		(10,571	)
Net carrying amount	$	438,154		$	430,210

The following table sets forth total interest expense recognized related to the convertible notes:

	Three months ended September 30,				Nine months ended September 30,
	2020		2019		2020		2019
Contractual coupon interest	$	5,938	$	5,938	$	17,813	$	17,813
Amortization of discount		2,059		1,969		6,087		5,790
Amortization of transaction costs		641		614		1,857		1,826
Total	$	8,638	$	8,521	$	25,757	$	25,429