Debt (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Summary of Components of Debt Obligations

The table below summarizes the components of the Company’s debt: 

	March 31, 2020			December 31, 2019
2023 Convertible Notes	$	316,250		$	316,250
Credit Facility	50,000			—
Total debt	366,250			316,250
Less: deferred debt discount	(33,168		)	(35,393		)
Less: deferred debt issue costs	(4,889		)	(5,248		)
Long-term debt, net (1)	$	328,193		$	275,609
Additional paid-in capital	$	35,306		$	35,306
Discount attribution to equity	(1,175		)	(1,175		)
Equity component, net	$	34,131		$	34,131

⁽¹⁾ 

There were no current portions of long-term debt as of March 31, 2020 and December 31, 2019.

Summary of Interest Expense

The table below summarizes the amount of interest cost recognized by us for both the contractual interest expense and amortization of the debt discount for the 2023 Convertible Notes:

	Three Months Ended March 31,
	2020		2019
Contractual interest expense	$	1,581	$	1,581
Amortization of debt discount (1)	2,225		2,108
Total	$	3,806	$	3,689

⁽¹⁾ 

The effective interest rate of the liability component was 5.45% as of March 31, 2020.