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Debt and Credit Facilities (Tables) | 9 Months Ended
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Sep. 30, 2020
Debt Disclosure [Abstract] |
Schedule of Long Term Debt | Debt consisted of the following (in thousands):
|  | September 30, 2020 |  |  | December 31, 2019 |
Short-Term: |  |  |  |  |  |  |  |
Senior notes |  | $ | 50,000 |  |  | $ | - |
Total Short-Term |  |  | 50,000 |  |  |  | - |
Long-Term: |  |  |  |  |  |  |  |
Senior notes |  |  | 200,000 |  |  |  | 250,000 |
Convertible senior notes |  |  | 400,000 |  |  |  | - |
Debt discount |  |  | (53,692 | ) |  |  | - |
Debt issuance costs |  |  | (9,189 | ) |  |  | (647 | )
Total long-term |  |  | 537,119 |  |  |  | 249,353 |
Total Debt |  | $ | 587,119 |  |  | $ | 249,353 |
Schedule of Aggregate Amount of Debt | On July 1, 2014, the Company finalized a private placement whereby the Company raised an aggregate amount of $250.0 million in debt as follows (in thousands):
Tranche |  | Debt Amount |  |  | Maturity Date |  | Interest Rates |
Senior Note, Series A |  | $ | 50,000 |  |  | July 15, 2021 |  |  | 4.44 | %
Senior Note, Series B |  |  | 100,000 |  |  | July 15, 2024 |  |  | 4.98 | %
Senior Note, Series C |  |  | 60,000 |  |  | July 15, 2026 |  |  | 5.13 | %
Senior Note, Series D |  |  | 40,000 |  |  | July 15, 2029 |  |  | 5.38 | %
Summary of Convertible Senior Notes | A summary as of September 30, 2020 of the gross carrying amount, unamortized debt discount including debt issuance costs, and net carrying value of the liability component of the Convertible Senior Notes is as follows:
|  | September 30, 2020 |
Par value |  | $ | 400,000 |
Debt discount |  | $ | (62,376 | )
Carrying amount |  | $ | 337,624 |
Equity component |  | $ | 53,552 |

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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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- 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
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