DEBT (Tables)

12 Months Ended

Dec. 31, 2019

Debt

Schedule of debt

Our debt consists of:

	December 31,
(In thousands)	2019		2018
Term B Loan	$	—	$	13,750
2023 Notes		240,984		240,984
2025 Notes		192,500		192,500
Total debt		433,484		447,234
Unamortized debt discount and issuance costs		(56,364)		(64,379)
Net long-term debt	$	377,120	$	382,855

Aggregate scheduled maturities of long-term debt

The aggregate scheduled maturities of our long-term debt as of December 31, 2019 are as follows:

(In thousands)
Years ending December 31:
2020 to 2022	$	—
2023		240,984
2024		—
Thereafter		192,500
Total	$	433,484

2025 Notes

Debt

Summary of liability and equity components of convertible notes

Our outstanding 2025 Notes balances consisted of the following:

	December 31,
(In thousands)	2019		2018
Liability component
Principal	$	192,500	$	192,500
Debt discount and issuance costs, net		(54,597)		(61,766)
Net carrying amount	$	137,903	$	130,734
Equity component, net	$	65,361	$	65,361

Schedule of components of interest expense

The following table sets forth total interest expense recognized related to the 2025 Notes for the years ended December 31, 2019 and 2018:

	Year Ended December 31,
(In thousands)	2019		2018
Contractual interest expense	$	4,813	$	4,799
Amortization of debt issuance costs		551		505
Amortization of debt discount		6,618		6,071
Total interest and amortization expense	$	11,982	$	11,375