Borrowings (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Schedule of Company's Debt Position

The following tables summarizes the Company’s debt position as of June 30, 2020 and December 31, 2019.

	As of June 30, 2020
	Revolver Credit Facility		Structured Payables		Notes		Total
Current portion of long-term borrowings	$	20,000	$	657	$	—	$	20,657
Long-term borrowings	79,000		—		150,000		229,000
Unamortized debt discount	—		—		(12,562)		(12,562)
Unamortized debt issuance costs*	—		—		(911)		(911)
Long-term borrowings	79,000		—		136,527		215,527
Total borrowings	$	99,000	$	657	$	136,527	$	236,184

	As of December 31, 2019
	Revolver Credit Facility		Structured Payables		Notes		Total
Current portion of long-term borrowings	$	40,000	$	867	$	—	$	40,867
Long-term borrowings	59,000		—		150,000		209,000
Unamortized debt discount	—		—		(13,851)		(13,851)
Unamortized debt issuance costs*	—		—		(1,018)		(1,018)
Long-term borrowings	59,000		—		135,131		194,131
Total borrowings	$	99,000	$	867	$	135,131	$	234,998

*Unamortized debt issuance costs for the Company’s revolver Credit Facility of $619 and $748 as of June 30, 2020 and December 31, 2019, respectively, is presented under “Other current assets” and “Other assets” in the consolidated balance sheets.

Schedule of Credit Facilities Carried an Effective Interest Rate

	Three months ended June 30,				Six months ended June 30,
	2020		2019		2020		2019
Effective interest rate	2.2	%	4.2	%	2.6	%	4.0	%

Schedule of Interest Expense Debt Recognized

During the three and six months ended June 30, 2020 and 2019, the Company recognized interest expense and amortization of debt discount, on the Notes as below:

	Three months ended June 30,				Six months ended June 30,
	2020		2019		2020		2019
Interest expense on Notes	$	1,313	$	1,269	$	2,625	$	2,581
Amortization of debt discount on Notes	$	654	$	618	$	1,289	$	1,218

Schedule of Maturities of Long-term Debt

Future principal payments/maturities for all of the Company's borrowings as of June 30, 2020 were as follows:

	Notes		Revolver Credit Facility		Structured Payables		Total
2020 (July - December)	$	—	$	20,000	$	657	$	20,657
2021	—		20,000		—		20,000
2022	—		59,000		—		59,000
2023	—		—		—		—
2024	150,000		—		—		150,000
Total	$	150,000	$	99,000	$	657	$	249,657