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Convertible Senior Notes (Tables) | 3 Months Ended
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Mar. 31, 2021
Debt Disclosure [Abstract] |
Schedule of Net Carrying Amount of Liability and Equity Component of Convertible Senior Notes | As of March 31, 2021, the net carrying value of the Notes was classified as a long-term liability in the “Convertible senior notes, net” line item in the Company’s Consolidated Balance Sheet. The following is a summary of the Company’s convertible debt instruments as of March 31, 2021 (in thousands):
|  | Principal |  |  | Unamortized |  |  | Net Carrying |  |  | Fair Value
|  | Amount |  |  | Issuance Costs |  |  | Amount |  |  | Amount |  | Leveling
2025 Notes |  | $ | 650,000 |  |  | $ | (14,349 | ) |  | $ | 635,651 |  |  | $ | 1,258,654 |  | Level 2
2027 Notes |  |  | 1,050,000 |  |  |  | (23,737 | ) |  |  | 1,026,263 |  |  |  | 877,979 |  | Level 2
Total |  | $ | 1,700,000 |  |  | $ | (38,086 | ) |  | $ | 1,661,914 |  |  | $ | 2,136,633 |  |
Schedule of Interest Expense Related to Notes | For the three months ended March 31, 2021, interest expense related to the Notes was as follows (in thousands):
|  | Contractual |  |  | Amortization of |  |  |  |  |
|  | Interest Expense |  |  | Issuance Costs |  |  | Total |
2025 Notes |  | $ | 1,219 |  |  | $ | 739 |  |  | $ | 1,958 |
2027 Notes |  |  | 0 |  |  |  | 433 |  |  |  | 433 |
Total |  | $ | 1,219 |  |  | $ | 1,172 |  |  | $ | 2,391 |
Schedule of Future Contractual Payments of Notes | The following table shows the future contractual payments related to the Notes (semi-annual interest payments and principal upon maturity), based on the expected due dates of the various installments as of March 31, 2021 (in thousands):
Payments due by period ended March 31, |  | 2025 Notes |  |  | 2027 Notes |  |  | Total |
2022 |  | $ | 4,740 |  |  | $ | 0 |  |  | $ | 4,740 |
2023 |  |  | 4,875 |  |  |  | 0 |  |  |  | 4,875 |
2024 |  |  | 4,875 |  |  |  | 0 |  |  |  | 4,875 |
2025 |  |  | 4,875 |  |  |  | 0 |  |  |  | 4,875 |
2026 |  |  | 655,078 |  |  |  | 0 |  |  |  | 655,078 |
Thereafter |  |  | 0 |  |  |  | 1,050,000 |  |  |  | 1,050,000 |
Total |  | $ | 674,443 |  |  | $ | 1,050,000 |  |  | $ | 1,724,443 |

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- Definition Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 303 -Paragraph (a) -Subparagraph (5) + Details
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- Definition Tabular disclosure of borrowings which can be exchanged for a specified number of another security at the option of the issuer or the holder. Disclosures include, but are not limited to, principal amount, amortized premium or discount, and amount of liability and equity components. + References No definition available. + Details
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