XML 57 R42.htm IDEA: XBRL DOCUMENT v3.22.1
Convertible Notes (Table)
3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Schedule of key terms of convertible notes
Key terms of the Convertible Notes are as follows:
 
 
  
2021 Notes
 
 
2020 Notes
 
Maturity date (unless earlier converted, repurchased or redeemed)
     June 15, 2026       June 15, 2023  
Interest rate
     3.25     4.25
Conversion price
   $ 11.04     $ 5.92  
Conversion rate
     90.5797       168.9189  
Redemption price
   $ 14.35     $ 7.70  
 
Summary of the carrying value of the convertible notes
The following table provides a summary of the carrying value of the Convertible Notes at March 31, 2022 and December 31, 2021:
 
 
  
March 31, 2022
 
 
December 31, 2021
 
 
  
2021 Notes
 
 
2020 Notes
 
 
Total
 
 
2021 Notes
 
 
2020 Notes
 
 
Total
 
Principal amount
  
$
150,000
 
 
$
175,000
 
 
$
325,000
 
 
$
150,000
 
 
$
175,000
 
 
$
325,000
 
Plus: Premium
  
 
—  
 
 
 
250
 
 
 
250
 
 
 
—  
 
 
 
250
 
 
 
250
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross proceeds
  
 
150,000
 
 
 
175,250
 
 
 
325,250
 
 
$
150,000
 
 
$
175,250
 
 
$
325,250
 
Less: Unamortized issuance costs
(1)
  
 
(3,621
 
 
(2,360
 
 
(5,981
 
 
(3,833
 
 
(2,793
 
 
(6,626
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Carrying amount
  
$
146,379
 
 
$
172,890
 
 
$
319,269
 
 
 
146,167
 
 
$
172,457
 
 
$
318,624
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Effective interest rate
(1)
  
 
3.83
 
 
5.26
 
 
4.60
 
 
3.83
 
 
5.26
 
 
4.60
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
Includes amortization of the issuance costs and premium.