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Borrowing Arrangements (Tables)
6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Summary Of Estimated Fair Value Of The 2022 And 2023 Notes Embedded Derivative

The estimated fair value of the 2022 Notes embedded derivative is as follows (in thousands):

 

 

 

Embedded Derivative
Liability

 

Fair value as of December 31, 2021

 

$

172

 

Change in fair value

 

 

141

 

Fair value prior to Closing

 

 

313

 

Payoff of 2022 Notes

 

 

(313

)

Fair value as of June 30, 2022

 

$

 

The estimated fair value of the 2023 Notes embedded derivative is as follows (in thousands):

 

 

 

Embedded Derivative
Liability

 

Fair value as of December 31, 2021

 

$

26,017

 

Change in fair value

 

 

3,636

 

Fair value prior to Closing

 

 

29,653

 

Conversion of 2023 Notes

 

 

(29,653

)

Fair value as of June 30, 2022

 

$

 

Schedule Of Interest Expense

The following table represents the total amount of interest expense recognized on the 2022 Notes and 2023 Notes for the three and six months ended June 30, 2022 and 2021 (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Contractual interest expense

 

$

 

 

$

2,368

 

 

$

1,052

 

 

$

4,123

 

Accretion of debt discount

 

 

 

 

 

2,830

 

 

 

38,757

 

 

 

4,687

 

Accretion of debt issuance costs

 

 

 

 

 

82

 

 

 

223

 

 

 

155

 

   Total interest expense

 

$

 

 

$

5,280

 

 

$

40,032

 

 

$

8,965