Debt (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Summary of Components of Debt Obligations

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

	June 30, 2020			December 31, 2019
2023 Convertible Notes	$	316,250		$	316,250
Credit Facility	35,000			—
Total debt	351,250			316,250
Less: deferred debt discount	(30,912		)	(35,393		)
Less: deferred debt issue costs	(4,530		)	(5,248		)
Long-term debt, net (1)	$	315,808		$	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 June 30, 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 June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Contractual interest expense	$	1,581	$	1,581	$	3,162	$	3,162
Amortization of debt discount (1)	2,255		2,137		4,480		4,245
Total	$	3,836	$	3,718	$	7,642	$	7,407

⁽¹⁾ 

The effective interest rate of the liability component is 5.45%.