XML 32 R22.htm IDEA: XBRL DOCUMENT
v3.21.2

Debt (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Debt Disclosure [Abstract] |
Schedule of Liability Components of Long-Term Debt | The Company's debt consists of the following:
(in thousands) |  | June 30, 2021 |  | December 31, 2020
Senior Secured Term Loan due 2026: |  |  |  |
Principal |  | $ | 400,000 |  |  | $ | 400,000 |
Less: debt discount (1) |  | (6,794) |  |  | (7,434) |
Less: deferred financing (1) |  | (5,111) |  |  | (5,592) |
Net carrying value of the Senior Secured Term Loan |  | $ | 388,095 |  |  | $ | 386,974 |
Convertible Notes (2): |  |  |  |
Principal (3) |  | $ | 2,800 |  |  | $ | 2,825 |
Less: debt discount (1) |  | (438) |  |  | (518) |
Less: deferred financing (1) |  | (23) |  |  | (27) |
Net carrying value of the Convertible Notes |  | $ | 2,339 |  |  | $ | 2,280 |
Net carrying value of Long-term debt |  | $ | 390,434 |  |  | $ | 389,254 |
______________________________ (1) Included in the Consolidated Balance Sheets within long-term debt 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. (3) In the first quarter of 2021, the Company exchanged an aggregate principal amount of $25 thousand of Convertible Notes in exchange for an aggregate of approximately 4.1 thousand shares of the Company common stock, par value $0.01 per share.
Components of Total Interest Expense | The following table sets forth interest expense recognized related to the Company's debt for the three and six months ended June 30, 2021 and 2020, respectively:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) |  | 2021 |  | 2020 |  | 2021 |  | 2020
Contractual interest expense |  | $ | 7,604 |  |  | $ | 3,410 |  |  | $ | 15,125 |  |  | $ | 6,995 |
Amortization of debt discount |  | $ | 383 |  |  | $ | 268 |  |  | $ | 720 |  |  | $ | 474 |
Amortization of deferred financing |  | $ | 262 |  |  | $ | 33 |  |  | $ | 485 |  |  | $ | 58 |

X
- Definition Tabular disclosure of convertible debt instrument. Includes, but is not limited to, principal amount and amortized premium or discount. + References No definition available. + Details
Name: | us-gaap_ConvertibleDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities. + References No definition available. + Details
Name: | us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration