Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.20.2
Debt (Tables)
6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Debt
Principal outstanding and unamortized debt issuance and discount costs for the Term Loans were as follows at June 30, 2020 and December 31, 2019:
June 30, 2020 December 31, 2019
Term Loans
(in thousands)
Principal outstanding
$ 588,750    $ 596,250   
Unamortized issuance costs
(831)   (942)  
Unamortized discount
(1,098)   (1,245)  
Carrying value
$ 586,821    $ 594,063   
Schedule of maturities of long-term debt
Future maturities of principal under the Term Loans are as follows for the years ending December 31, in thousands:
Term Loans
2020 $ 11,250   
2021 30,000   
2022 33,750   
2023 48,750   
2024 465,000   
$ 588,750   
Convertible Debt The net carrying amount of our 2022 and 2025 Convertible Notes (collectively referred to as the “Convertible Notes”) at June 30, 2020 and December 31, 2019, were as follows:
June 30, 2020 December 31, 2019
2022 Convertible Notes 2025 Convertible Notes 2022 Convertible Notes
(in thousands)
Liability component:
Principal amount $ 344,995    $ 345,000    $ 344,995   
Unamortized discount (29,569)   (55,697)   (35,287)  
Unamortized debt issuance costs (3,788)   (6,181)   (4,520)  
Convertible notes, net $ 311,638    $ 283,122    $ 305,188   
Equity component, net of issuance costs and deferred tax: $ 61,390    $ 51,821    $ 61,390   
The following table sets forth total interest expense related to the Convertible Notes for the three and six months ended June 30, 2020 and 2019:
Three Months Ended June 30, Six Months Ended June 30,
  2020 2019 2020 2019
  (in thousands)
Contractual interest expense $ 1,854    $ 1,294    $ 3,148    $ 2,588   
Amortization of debt discount 4,183    2,717    7,021    5,393   
Amortization of debt issuance costs 479    348    842    691   
$ 6,516    $ 4,359    $ 11,011    $ 8,672