Convertible Notes - Additional Information (Details) |
1 Months Ended | 12 Months Ended | ||
---|---|---|---|---|
Dec. 31, 2020
USD ($)
$ / shares
|
Dec. 31, 2020
USD ($)
Day
$ / shares
|
Dec. 31, 2019
USD ($)
|
Dec. 07, 2020
USD ($)
|
|
Debt Instrument [Line Items] | ||||
Embedded derivative liability | $ 4,600,000 | |||
Derivative liabilities fair value | $ 18,400,000 | $ 18,400,000 | ||
Derivative liability related to debt discount | $ 9,700,000 | |||
Issuance costs | 9,700,000 | 9,700,000 | ||
Unamortized discount | 9,600,000 | 9,600,000 | $ 6,034,000 | |
Amortization of debt discount | 3,656,000 | $ 1,670,000 | ||
Interest Expense | ||||
Debt Instrument [Line Items] | ||||
Amortization of debt discount | 100,000 | |||
7.25% Convertible Senior Notes due 2025 | ||||
Debt Instrument [Line Items] | ||||
Principal amount | $ 168,500,000 | $ 168,500,000 | ||
Debt instrument, annual interest rate | 7.25% | 7.25% | ||
Debt instrument, issuance date | Dec. 07, 2020 | Dec. 31, 2020 | ||
Debt instrument, frequency of periodic payment | semi-annually | |||
Debt instrument due date | Dec. 01, 2025 | |||
Debt instrument, initial payment date | Jun. 01, 2021 | |||
Debt instrument, convertible, initial conversion rate per $1,000 principal amount of convertible notes | 278.0094 | |||
Debt instrument convertible initial conversion price | $ / shares | $ 3.60 | $ 3.60 | ||
Debt instrument, redemption period, start date | Dec. 01, 2023 | |||
Debt instrument, convertible, threshold percentage of stock price trigger | 130.00% | |||
Debt instrument, convertible, threshold trading days | Day | 20 | |||
Debt instrument, convertible, threshold consecutive trading days | Day | 30 | |||
Events of default, description | The Convertible Notes have customary provision relating to the occurrence of “Events of Default” (as defined in the Indenture), which include the following: (i) certain payment defaults on the Convertible Notes (which, in the case of a default in the payment of interest on the Convertible Notes, will be subject to a 30-day cure period); (ii) the Company’s failure to send certain notices under the Indenture within specified periods of time; (iii) the Company’s failure to comply with certain covenants in the Indenture relating to the Company’s ability to consolidate with or merge with or into, or sell, lease or otherwise transfer, in one transaction or a series of transactions, all or substantially all of the assets of the Company and its subsidiaries, taken as a whole, to another person; (iv) a default by the Company in its other obligations or agreements under the Indenture or the Convertible Notes if such default is not cured or waived within 60 days after notice is given in accordance with the Indenture; (v) certain defaults by the Company or any of its subsidiaries with respect to indebtedness for borrowed money of at least $7,500,000; (vi) the rendering of certain judgments against the Company or any of its subsidiaries for the payment of at least $7,500,000, where such judgments are not discharged or stayed within 60 days after the date on which the right to appeal has expired or on which all rights to appeal have been extinguished; and (vii) certain events of bankruptcy, insolvency and reorganization involving the Company or any of the Company’s significant subsidiaries. | |||
Debt instrument, effective interest rate | 8.70% | 8.70% | ||
7.25% Convertible Senior Notes due 2025 | Minimum | ||||
Debt Instrument [Line Items] | ||||
Debt instrument, debt default, amount | $ 7,500,000 | $ 7,500,000 |