XML 40 R24.htm IDEA: XBRL DOCUMENT
v3.20.2

DEBT (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2020
Debt Disclosure [Abstract] |
Schedule of debt | Proceeds from the Notes and Capped Call Transactions:
(in thousands) |  | Amount
Principal | $ | 600,000 |
Less: issuance costs | (14,527) |
Less: Capped Call Transactions | (51,900) |
|  | $ | 533,573 |
Contractual obligation, fiscal year maturity schedule | Net carrying amount of the liability component:
(in thousands) | September 30, 2020 |  |
Principal | $ | 600,000 |  |  |
Unamortized debt discount | (75,061) |  |  |
Unamortized issuance costs | (11,145) |  |  |
| $ | 513,794 |  |  |
Net carrying amount of the equity component, included in additional paid-in capital:
(in thousands) | September 30, 2020 |  |
Conversion options (1) | $ | 61,604 |  |  |
(1) Net of issuance costs and taxes. Interest expense related to the Notes:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2020 |  | 2019 |  | 2020 |  | 2019
Contractual interest expense (0.75% coupon) | $ | 1,125 |  |  | $ | — |  |  | $ | 2,700 |  |  | $ | — |
Amortization of debt discount (1) | 3,807 |  |  | — |  |  | 9,060 |  |  | — |
Amortization of issuance costs (1) | 565 |  |  | — |  |  | 1,345 |  |  | — |
| $ | 5,497 |  |  | $ | — |  |  | $ | 13,105 |  |  | $ | — |
(1) Amortized based upon an effective interest rate of 4.31%. Future payments of principal and contractual interest:
| September 30, 2020
(in thousands) | Principal |  | Interest |  | Total
2020 | $ | — |  |  | $ | — |  |  | $ | — |
2021 | — |  |  | 4,500 |  |  | 4,500 |
2022 | — |  |  | 4,500 |  |  | 4,500 |
2023 | — |  |  | 4,500 |  |  | 4,500 |
2024 | — |  |  | 4,500 |  |  | 4,500 |
2025 | 600,000 |  |  | 1,488 |  |  | 601,488 |
| $ | 600,000 |  |  | $ | 19,488 |  |  | $ | 619,488 |
Schedule of derivative instruments | Change in value of Capped Call Transactions:
(in thousands) | Nine Months Ended September 30, 2020
Value at issuance | $ | 51,900 |
Fair value adjustment | 19,816 |
Balance as of September 30, | $ | 71,716 |

X
- 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
Name: | srt_ContractualObligationFiscalYearMaturityScheduleTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579240-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration