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Debt (Tables)
 3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Schedule of liability components of long term debt
The Company's debt consists of the following:
(in thousands)March 31, 2020December 31, 2019
Senior Secured Term Loan due 2023:
Principal$150,000  $150,000  
Less: debt discount (1)
(2,142) (2,315) 
Less: deferred financing (1)
(289) (311) 
Net carrying value of the Senior Secured Term Loan$147,569  $147,374  
Convertible Notes due 2023 (2):
Principal$2,825  $2,825  
Less: debt discount (1)
(625) (659) 
Less: deferred financing (1)
(33) (35) 
Net carrying value of the Convertible Notes$2,167  $2,131  
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(1) Included in the Consolidated Balance Sheets within Convertible Notes and Senior Secured Term Loan and amortized to interest expense over the remaining life of the Convertible Notes and Senior Secured Term Loan using the effective interest rate method.
(2) The Convertible Notes are currently convertible as the last reported sale price of the Company's common stock was equal to or more than 130% of the conversion price for at least 20 trading days of the 30 consecutive trading days ending on the last day of the quarter.
Components of total interest expense
The following table sets forth interest expense recognized related to the Company's debt for the three months ended March 31, 2020 and 2019, respectively:
Three Months Ended March 31,
(in thousands)20202019
Contractual interest expense$3,585  $4,813  
Amortization of debt discount$206  $1,559  
Amortization of deferred financing$25  $83