Debt, Inventory Financing Facilities, Finance Leases and Other Financing Obligations (Tables)

9 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Long-Term Debt

Our long-term debt consists of the following (in thousands):

	September 30, 2019			December 31, 2018
Senior revolving credit facility	$	—		$	—
ABL revolving credit facility		553,000			—
Accounts receivable securitization financing facility		—			194,000
Convertible senior notes due 2025		282,043			—
Finance leases and other financing obligations		1,813			2,920
Total		836,856			196,920
Less: current portion of long-term debt		(1,142	)		(1,395	)
Long-term debt	$	835,714		$	195,525

Schedule of Convertible Senior Notes Balances

The notes consist of the following balances reported within the consolidated balance sheet as of September 30, 2019 (in thousands):

Liability:
Principal	$	350,000
Less: debt discount and issuance costs, net of accumulated accretion		(67,957	)
Net carrying amount	$	282,043
Equity, net of deferred tax	$	44,731

Summary of Equity Components of Notes Included in Additional Paid-in Capital

The following table summarizes the equity components of the notes included in additional paid-in capital reported within the consolidated balance sheet as of September 30, 2019 (in thousands):

	Embedded Conversion Option		Embedded Conversion Option - Debt Issuance Costs			Deferred Tax			Total
Convertible Senior Notes due 2025	$	61,250	$	(1,700	)	$	(14,819	)	$	44,731

Summary of Interest Expense Components Resulting From Notes

The following table summarizes the interest expense components resulting from the notes reported within the consolidated statement of operations for the three and nine months ended September 30, 2019 (in thousands):

Interest expense	Three months ended September 30, 2019		Nine months ended September 30, 2019
Contractual coupon interest	$	328	$	328
Amortization of debt discount	$	1,235	$	1,235
Amortization of debt issuance costs	$	163	$	163