Debt (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Summary of Components of Debt Obligations

The table below presents the components of the Company’s debt: 

	March 31, 2022		December 31, 2021
2023 Convertible Notes	$	316,240	$	316,245
Credit Facility	15,000		—
Total debt	331,240		316,245
Less: deferred debt discount (1)	—		(16,724)
Less: deferred debt issuance costs	(2,304)		(2,363)
Long-term debt, net (1)(2)	$	328,936	$	297,158
Additional paid-in capital	$	—	$	35,304
Discount attribution to equity	—		(1,175)
Equity component, net (1)	$	—	$	34,129

(1)Pursuant to the adoption of ASU 2020-06, we derecognized the conversion option of $34.1 million, net of tax, previously attributable to the equity component of the 2023 Convertible Notes. Similarly, the related debt discount is no longer amortized into income as interest expense over the life of the instrument; therefore, we recorded a $16.4 million increase to "Long-term debt, net" on the Condensed Consolidated Balance Sheet as of March 31, 2022.

(2)There were no current portions of long-term debt as of March 31, 2022 and December 31, 2021.