XML 46 R34.htm IDEA: XBRL DOCUMENT v3.22.1
Credit Facility and Other Long Term Debt (Tables)
3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Components of Outstanding Debt
The Company's outstanding debt consisted of the following:
As of
March 31, 2022
As of
December 31, 2021
As of
March 31, 2021
1.50% Convertible Senior Notes due 2024
$80,919 $80,919 $500,000 
3.25% Senior Notes due 2026
600,000 600,000 600,000 
Total principal payments due680,919 680,919 1,100,000 
Unamortized debt discount on Convertible Senior Notes(1)
— (9,207)(73,821)
Unamortized debt discount on Senior Notes(1,067)(1,131)(1,321)
Unamortized debt issuance costs - Convertible Senior Notes(677)(779)(8,124)
Unamortized debt issuance costs - Senior Notes(2,266)(2,401)(2,805)
Unamortized debt issuance costs - Credit facility(4,623)(4,870)(3,978)
Total amount outstanding672,286 662,531 1,009,951 
Less:
Current portion of long-term debt:
Credit Facility borrowings— — — 
Non-current portion of long-term debt$672,286 $662,531 $1,009,951 
(1)The Company adopted ASU 2020-06, effective January 1, 2022 using the modified retrospective transition approach. As a result of this adoption, the Company derecognized the remaining unamortized debt discount on Convertible Senior Notes and recorded a cumulative effect adjustment to retained earnings. See Note 2 to the Condensed Consolidated Financial Statements for more details.
Schedule of Maturities of Long-term Debt The following are the scheduled maturities of long term debt as of March 31, 2022:
Fiscal year ending March 31,
2023$— 
2024— 
202580,919 
2026— 
2027600,000 
2028 and thereafter
Total scheduled maturities of long term debt$680,919 
Current maturities of long term debt$—