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Convertible Notes, Other Debts And Finance Lease (Tables)
6 Months Ended
Jun. 26, 2020
Debt Instrument [Line Items]  
Convertible Debt Interest
The following table presents interest expense recognized for the 2020 Notes, 2022 Notes and the 2024 Notes (in thousands):
 
Three months ended
 
Six months ended
 
June 26, 2020
 
June 28, 2019
 
June 26, 2020
 
June 28, 2019
Contractual interest expense
$
1,036

 
$
1,282

 
$
2,071

 
$
2,565

Amortization of debt discount
1,560

 
1,479

 
3,183

 
2,912

Amortization of debt issuance costs
214

 
178

 
426

 
350

  Total interest expense recognized
$
2,810

 
$
2,939

 
$
5,680

 
$
5,827


Schedule of Other Debt and Capital Leases
The Company has a variety of debt and credit facilities primarily in France to satisfy the financing requirements of the operations of its French subsidiary. These arrangements are summarized in the table below (in thousands):
 
June 26, 2020
 
December 31, 2019
Financing from French government agencies related to various government incentive programs (1)
$
13,991

 
$
16,566

Relief loans (2)
6,131

 

Term loans
173

 
587

Obligations under finance leases
22

 
71

  Total debt obligations
20,317

 
17,224

  Less: current portion
(6,323
)
 
(6,713
)
  Long-term portion
$
13,994

 
$
10,511

(1) As of June 26, 2020 and December 31, 2019, loans backed by French R&D tax credit receivables were $12.5 million and $15.1 million, respectively. As of June 26, 2020, the French Subsidiary had an aggregate of $17.8 million of R&D tax credit receivables from the French government from 2021 through 2023. See Note 8, “Balance Sheet Components” for additional information. These tax loans have a fixed rate of 0.6%, plus EURIBOR 1 month + 1.3% and mature between 2021 through 2023. The remaining loans of $1.5 million at June 26, 2020, primarily relate to financial support from French government agencies for R&D innovation projects at minimal interest rates, and these loans mature between 2020 through 2025.
(2) Refer to the below section “Relief Loans” for the description of these loans.

Schedule of Maturities of Long-term Debt
The table below presents the future minimum repayments of debts and finance lease obligations in France as of June 26, 2020 (in thousands):
Years ending December 31,
Finance lease obligations
 
Other Debt obligations
2020 (remaining six months)
$

 
$
488

2021
22

 
10,768

2022

 
4,885

2023

 
3,416

2024

 
112

Thereafter

 
626

Total
$
22

 
$
20,295


Convertible Note due 2022  
Debt Instrument [Line Items]  
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments The following table presents the components of the 2022 Notes as of June 26, 2020 (in thousands, except for years and percentages):
 
June 26, 2020
Liability:
 
  Principal amount
$
37,707

  Less: Debt discount, net of amortization
(1,681
)
  Less: Debt issuance costs, net of amortization
(527
)
  Carrying amount
$
35,499

  Remaining amortization period (years)
2.4

  Effective interest rate on liability component
6.95
%

Convertible Note due 2024  
Debt Instrument [Line Items]  
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments The following table presents the components of the 2024 Notes as of June 26, 2020 and December 31, 2019 (in thousands, except for years and percentages):
 
June 26, 2020
 
December 31, 2019
Liability:
 
 
 
  Principal amount
$
115,500

 
$
115,500

  Less: Debt discount, net of amortization
(21,517
)
 
(23,652
)
  Less: Debt issuance costs, net of amortization
(2,928
)
 
(3,219
)
  Carrying amount
$
91,055

 
$
88,629

  Remaining amortization period (years)
4.2

 
4.7

  Effective interest rate on liability component
7.95
%
 
7.95
%

Convertible Note due 2020  
Debt Instrument [Line Items]  
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments The following table presents the components of the 2020 Notes as of June 26, 2020 and December 31, 2019 (in thousands, except for years and percentages):
 
June 26, 2020
 
December 31, 2019
Liability:
 
 
 
  Principal amount
$
8,053

 
$
45,785

  Less: Debt discount, net of amortization
(177
)
 
(2,151
)
  Less: Debt issuance costs, net of amortization
(21
)
 
(259
)
  Carrying amount
$
7,855

 
$
43,375

  Remaining amortization period (years)
0.4

 
0.9

  Effective interest rate on liability component
9.94
%
 
9.94
%