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DEBT (Tables)
 6 Months Ended
Jun. 30, 2020
Long-term Debt, Unclassified [Abstract]  
Summary of long-term debt
The following table reflects the Company’s debt as of June 30, 2020 and December 31, 2019 (in thousands):

June 30, 2020December 31, 2019
Series A-1 Notes(1)
$50,000  $—  
Series A-2 Notes(1)
45,000  —  
2.50% Convertible Notes due 2021
335  145,000  
5.00% Convertible Notes due 2024(2)
—  120,000  
Royalty rights obligation(3)
3,899  —  
Senior Notes(4)
—  162,500  
Total principal amount99,234  427,500  
Unamortized debt discounts(24) (70,699) 
Unamortized debt issuance costs(2) (5,543) 
Carrying value99,208  351,258  
Less: current portion of long-term debt(7,374) (80,000) 
Net, long-term debt$91,834  $271,258  

(1) In connection with the Zyla Merger on May 20, 2020, the Company assumed the obligations of Zyla under its Existing Indenture, and Assertio and      the other subsidiaries of the Company (other than Depo DR) became guarantors of Zyla's 13% Senior Secured Notes due 2024.
(2) In connection with 2024 Notes tendered and accepted for purchase in the Offers have been retired and canceled as of June 30, 2020.
(3) In connection with the Zyla Merger on May 20, 2020, the Company assumed the obligations of Zyla under its royalty rights agreement with each holder of its Secured Notes.
(4) During the first quarter of 2020, the Company repaid in full the outstanding aggregate principal amount of senior secured notes (Senior Notes)
Summary of interest expense for the convertible notes
The following table reflects interest expense, net included in the Unaudited Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2020 and 2019 (in thousands):

Three Months Ended June 30,Six Months Ended June 30,
2020201920202019
Stated coupon interest$1,476  $8,758  $4,778  $19,120  
Amortization of debt discount and debt issuance costs125  6,056  5,511  12,220  
Total interest expense $1,601  $14,814  $10,289  $31,340