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Convertible Senior Notes (Tables)
6 Months Ended
Jun. 30, 2020
0.375%Convertible Senior Notes Due 2025 as Liability Component [Member]  
Debt Instrument [Line Items]  
Schedule of Net Carrying Amount of Notes

The net carrying amount of the liability component of the 2025 Notes is as follows:

 

As of June 30, 2020

 

 

As of December 31, 2019

 

 

(in thousands)

 

Principal

$

460,000

 

 

$

 

Unamortized debt discount

 

(97,512

)

 

 

 

Unamortized issuance costs

 

(7,662

)

 

 

 

Net carrying amount

$

354,826

 

 

$

 

0.375% Convertible Senior Notes Due 2025 as Equity Component [Member]  
Debt Instrument [Line Items]  
Schedule of Net Carrying Amount of Notes

The net carrying amount of the equity component of the 2025 Notes is as follows:

 

As of June 30, 2020

 

 

As of December 31, 2019

 

 

(in thousands)

 

Debt discount for conversion option

$

98,730

 

 

$

 

Issuance costs

 

(2,120

)

 

 

 

Net carrying amount

$

96,610

 

 

$

 

0.375% Convertible Senior Notes Due 2025 [Member]  
Debt Instrument [Line Items]  
Schedule of Interest Expense

Interest expense related to the 2025 Notes is as follows:

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

(in thousands)

 

 

(in thousands)

 

Contractual interest expense

$

125

 

 

$

 

 

$

125

 

 

$

 

Amortization of debt discount

 

1,218

 

 

 

 

 

 

1,218

 

 

 

 

Amortization of issuance costs

 

96

 

 

 

 

 

 

96

 

 

 

 

Total interest expense

$

1,439

 

 

$

 

 

$

1,439

 

 

$

 

0.25% Convertible Senior Notes Due 2022 as Liability Component [Member]  
Debt Instrument [Line Items]  
Schedule of Net Carrying Amount of Notes

The net carrying amount of the liability component of the 2022 Notes is as follows:

 

As of June 30, 2020

 

 

As of December 31, 2019

 

 

(in thousands)

 

Principal

$

127,841

 

 

$

399,992

 

Unamortized debt discount

 

(14,091

)

 

 

(55,299

)

Unamortized issuance costs

 

(1,053

)

 

 

(4,129

)

Net carrying amount

$

112,697

 

 

$

340,564

 

 

 

0.25%Convertible Senior Notes Due 2022 as Equity Component [Member]  
Debt Instrument [Line Items]  
Schedule of Net Carrying Amount of Notes

The net carrying amount of the equity component of the 2022 Notes is as follows:

 

As of June 30, 2020

 

 

As of December 31, 2019

 

 

(in thousands)

 

Debt discount for conversion option

$

33,880

 

 

$

106,006

 

Issuance costs

 

(912

)

 

 

(2,854

)

Net carrying amount

$

32,968

 

 

$

103,152

 

0.25% Convertible Senior Notes Due 2022 [Member]  
Debt Instrument [Line Items]  
Schedule of Interest Expense

Interest expense related to the 2022 Notes is as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

(in thousands)

 

 

(in thousands)

 

Contractual interest expense

$

212

 

 

$

250

 

 

$

462

 

 

$

500

 

Amortization of debt discount

 

4,323

 

 

 

5,039

 

 

 

9,629

 

 

 

9,934

 

Amortization of issuance costs

 

323

 

 

 

376

 

 

 

719

 

 

 

741

 

Total interest expense

$

4,858

 

 

$

5,665

 

 

$

10,810

 

 

$

11,175

 

0.25% Convertible Senior Notes Due 2022 as Net Equity Impact [Member]  
Debt Instrument [Line Items]  
Schedule of Net Equity Impact, Included in Additional Paid-in Capital, of the Liability and Equity Components

The net equity impact, included in additional paid-in capital, of the above components of the 2022 Notes is as follows:

 

 

(in thousands)

 

Conversion Option

$

(364,835

)

Issuance of common stock for repayment of 2022 Notes

 

330,497

 

Proceeds from settlement of Convertible Note Hedges

 

362,492

 

Payments for settlement of Warrants

 

(327,543

)

 

$

611