XML 56 R38.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONVERTIBLE NOTES AND OTHER DEBTS (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments The following table presents the components of the 2022 Notes:
As of December 31,
(in thousands, except for years and percentages)20212020
Liability:
Principal amount$37,707 $37,707 
Less: Debt discount, net of amortization(672)(1,357)
Less: Debt issuance costs, net of amortization(211)(425)
Carrying amount$36,824 $35,925 
Remaining amortization period (years)0.91.9
Effective interest rate on liability component6.95 %6.95 %
The following table presents the components of the 2024 Notes:
As of December 31,
(in thousands, except for years and percentages)20212020
Liability:
Principal amount$115,500 $115,500 
Less: Debt discount, net of amortization(14,576)(19,294)
Less: Debt issuance costs, net of amortization(1,983)(2,624)
Carrying amount$98,941 $93,582 
Remaining amortization period (years)2.73.7
Effective interest rate on liability component7.95 %7.95 %
Schedule of Convertible Interest Expense Recognized
The following table presents interest expense recognized for the 2022 Notes:
(in thousands)Year ended December 31,
20212020
Contractual interest expense$1,648 $953 
Amortization of debt discount685 373 
Amortization of debt issuance costs214 117 
Total interest expense recognized$2,547 $1,443 
The following table presents interest expense recognized for the 2024 Notes:
Year ended December 31,
(in thousands)20212020
Contractual interest expense$2,312 $2,310 
Amortization of debt discount4,718 4,358 
Amortization of debt issuance costs641 595 
Total interest expense recognized$7,671 $7,263 
The following table presents interest expense recognized for the 2020 Notes:
Year ended December 31,
(in thousands)202120202019
Contractual interest expense$— $936 $4,148 
Amortization of debt discount— 1,158 4,787 
Amortization of debt issuance costs— 138 577 
  Total interest expense recognized$— $2,232 $9,512 
Schedule of Debt
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:
December 31,
(in thousands)20212020
Financing from French government agencies related to various government incentive programs (1)
$12,259 $14,974 
Relief loans (2)
5,651 6,694 
Term loans71 167 
Obligations under finance leases— 22 
Total debt obligations17,981 21,857 
Less: current portion(4,992)(11,771)
Long-term portion$12,989 $10,086 
(1) These loans bear variable interest rate at EURIBOR 1 month plus 1.9% and mature between 2022 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 other debts as of December 31, 2021 (in thousands):
Year ending December 31,
2022$4,992 
20234,957 
20245,036 
20251,577 
20261,419 
Total$17,981