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Debt (Tables)
9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The following table summarizes information about the net carrying amounts of long-term debt as of September 30, 2021:
(in thousands)2024 Notes2026 Notes2027 NotesTotal
Principal amount of notes outstanding$13,750 $120,000 $265,000 $398,750 
Unamortized discount and unamortized debt issuance cost(2,089)(22,918)(71,587)(96,594)
Total notes payable$11,661 $97,082 $193,413 $302,156 
The following table summarizes information about the net carrying amounts of long-term debt as of December 31, 2020:
(in thousands)2024 Notes2026 NotesTotal
Principal amount of notes outstanding$13,750 $120,000 $133,750 
Unamortized discount and unamortized debt issuance cost(2,619)(25,986)(28,605)
Total notes payable$11,131 $94,014 $105,145 
Summary of Equity and Liability Components of the Notes
The following tables summarizes interest expense recognized on the Notes and on the Credit Facility:
Three Months
Ended September 30,
(in thousands)20212020
Contractual interest expense$3,284 $1,017 
Amortization of debt issuance costs and discount2,118 1,126 
Total interest expense$5,402 $2,143 
Nine Months Ended
September 30,
(in thousands)20212020
Contractual interest expense$7,497 $3,009 
Amortization of debt issuance costs and discount5,035 3,205 
Total interest expense$12,532 $6,214 
Schedule of Maturities of Notes
The following table summarizes the future principal payments as of September 30, 2021 (in thousands):
2021, remaining$170 
2022705 
2023— 
202413,750 
2025— 
Thereafter385,000 
Total$399,625