Debt (Tables)

9 Months Ended

Sep. 30, 2020

The following table summarizes the long-term debt, net at September 30, 2020 and December 31, 2019 (in thousands):


	September 30, 2020		December 31, 2019
1.25% Senior Convertible Notes due 2025
Principal	$	201,250	$	—
Unamortized debt discount	(34,245)		—
Unamortized debt issuance costs	(565)		—
Total 1.25% Senior Convertible Notes due 2025	166,440		—

Term loan
Principal	$	—	$	97,500
Unamortized debt issuance costs	—		(671)
Total term loan	—		96,829

Financing obligations	5,099		8,631

Total debt	$	171,539	$	105,460
Less: Current portion of long-term debt	—		(5,000)
Less: Current portion of financing obligations	(3,700)		(5,432)
Total long-term debt, net	$	167,839	$	95,028

Summary of Maturities of Long-Term Debt

Maturities of long-term debt as of September 30, 2020 are summarized as follows (in thousands):


	1.25% Convertible Senior Notes		Financing Obligations		Total Debt
Remainder of 2020	$	—	$	1,252	$	1,252
2021	—		2,880		2,880
2022	—		916		916
2023	—		51		51
2024	—		—		—
2025	167,005		—		167,005
Total Debt	167,005		5,099		172,104
Less: Current portion of long-term debt	—		(3,700)		(3,700)
Less: Debt issuance costs	(565)		—		(565)
Long-term debt, net	$	166,440	$	1,399	$	167,839

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details