Convertible Notes

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Convertible Notes

10. Convertible Notes

The Company has outstanding convertible senior notes with a face value of $277,857 as described in the Annual Financial Statements.

As of March 31, 2021, 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:

	March 31, 2021			December 31, 2020
5.00% Convertible Notes	$	277,857		$	277,857
Unamortized discount		(13,977	)		(15,229	)
Unamortized transaction costs		(4,437	)		(4,839	)
Net carrying amount	$	259,443		$	257,789

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

	Three months ended March 31,
	2021		2020
Contractual coupon interest	$	3,473	$	5,938
Amortization of discount		1,253		2,009
Amortization of transaction costs		401		588
Total	$	5,127	$	8,535