Notes Payable (Tables)

12 Months Ended

Dec. 31, 2022

Table Text Blocks

Schedule of outstanding Convertible Note

The Company’s outstanding balances for the convertible senior notes as of December 31, 2022 and 2021 consisted of the following (in thousands):

	December 31,
	2022		2021
Liability component:
Principal:
2022 Convertible Notes	$	—	$	120,699
2024 Convertible Notes		200,000		200,000
2026 Convertible Notes		200,000		200,000
Less: unamortized debt discount		—		(61,641)
Less: unamortized debt issuance costs		(3,749)		(4,867)
Net carrying amount	$	396,251	$	454,191
Equity component:
2022 Convertible Notes		—		19,807
2024 Convertible Notes		—		41,152
2026 Convertible Notes		—		51,350
Total equity component	$	—	$	112,309

Schedule of interest expense related to Convertible Notes

	Year Ended December 31,
	2022		2021		2020
Contractual interest expense	$	5,745	$	7,216	$	7,216
Amortization of debt issuance costs		1,853		1,678		1,462
Amortization of debt discount		—		22,256		20,800
Total interest expense	$	7,598	$	31,150	$	29,478

Schedule of future minimum payments details of debt

2023	$	4,500
2024		203,750
2025		3,000
2026		201,500
Total future minimum payments under the convertible senior notes		412,750
Less: amounts representing interest		(12,750)
Less: unamortized debt issuance costs		(3,749)
Convertible senior notes balance	$	396,251