Debt (Tables)

6 Months Ended

Jun. 30, 2021

Schedule of Long-term Debt Instrument Components

The following table sets forth the components of the 2027 Notes as of June 30, 2021, and December 31, 2020:


	June 30, 2021		December 31, 2020
	(unaudited)
	(in thousands)
Liability component:
Principal	$	1,150,000	$	1,150,000
Less: debt discount, net of amortization	—		(331,074)
Less: debt issuance costs, net of amortization	(16,461)		(12,634)
Net carrying amount	$	1,133,539	$	806,292

Equity component recorded at issuance:
2027 Notes	$	—	$	335,667
Less: issuance costs	—		(5,264)
Net amount recorded in equity	$	—	$	330,403

- 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