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v3.20.4

Long-Term Debt (Tables) | 12 Months Ended
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Dec. 31, 2020
Long-Term Debt [Abstract] |
Long-term debt instruments | Long-term debt consists of the following:
|  | December 31, 2020 |  |  | December 31, 2019 |
Credit facility |  | $ | - |  |  | $ | - |
Convertible senior notes, due 2025 |  |  | 406,268 |  |  |  | 509,128 |
Convertible senior debentures, due 2040 |  |  | 130 |  |  |  | 126 |
Convertible senior debentures, due 2041 |  |  | - |  |  |  | 6,677 |
Deferred financing costs |  |  | (11,512 | ) |  |  | (16,784 | )
|  |  | 394,886 |  |  |  | 499,147 |
Less current portion |  |  | - |  |  |  | - |
|  | $ | 394,886 |  |  | $ | 499,147 |
Key terms of the convertible debt instruments | The following table summarizes some key facts and terms regarding the outstanding convertible debt instruments as of December 31, 2020:
|  | Due 2025 |  |  | Due 2040 |
Issuance date |  | June 12, 2018 |  |  | November 9, 2010 |
Maturity date |  | June 15, 2025 |  |  | November 15, 2040 |
Principal amount |  | $ | 465,344 |  |  | $ | 300 |
Cash coupon rate (per annum) |  |  | 2.25 | % |  |  | 2.25 | %
Nonconvertible debt borrowing rate at issuance (per annum) |  |  | 5.50 | % |  |  | 8.00 | %
Conversion rate effective December 10, 2020 (per $1 principal amount) |  |  | 31.8836 |  |  |  | 81.8143 |
Effective conversion price effective December 10, 2020 (per share) |  | $ | 31.36 |  |  | $ | 12.22 |
130% of the conversion price (per share) |  | $ | 40.77 |  |  | $ | 15.89 |
Initial call date |  |  | n/a |  |  | November 20, 2020 |
Liability and equity components of the convertible debt instruments | The carrying values of the liability and equity components of the convertible debt instruments are reflected in the Company’s accompanying consolidated balance sheets as follows:
|  | Principal amount of the convertible debt |  |  | Unamortized discount |  |  | Carrying value of liability component |  |  | Equity component (including temporary equity) - net carrying value |
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Convertible senior notes due 2025 |  | $ | 465,344 |  |  |  | (59,076 | ) |  | $ | 406,268 |  |  | $ | 66,127 |
Convertible senior debentures |  | $ | 300 |  |  |  | (170 | ) |  | $ | 130 |  |  | $ | 121 |
Total |  | $ | 465,644 |  |  | $ | (59,246 | ) |  | $ | 406,398 |  |  | $ | 66,248 |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Convertible senior notes due 2025 |  | $ | 600,000 |  |  |  | (90,872 | ) |  | $ | 509,128 |  |  | $ | 85,262 |
Convertible senior debentures |  | $ | 17,190 |  |  |  | (10,387 | ) |  | $ | 6,803 |  |  | $ | 7,129 |
Total |  | $ | 617,190 |  |  | $ | (101,259 | ) |  | $ | 515,931 |  |  | $ | 92,391 |
Convertible Debt Interest Expense | Interest expense related to the convertible debt instruments is reflected on the accompanying consolidated statements of operations for the years ended December 31:
|  | Contractual coupon interest |  |  | Non-cash amortization of debt discount |  |  | Other non-cash interest expense |  |  | Total interest expense related to the debentures |
2020 |  |  |  |  |  |  |  |  |  |  |  |
Convertible senior notes due 2025 |  | $ | 12,097 |  |  |  | 13,118 |  |  |  | 1,623 |  |  | $ | 26,838 |
Convertible senior debentures |  | $ | 88 |  |  |  | 43 |  |  |  | - |  |  | $ | 131 |
Total |  | $ | 12,185 |  |  | $ | 13,161 |  |  | $ | 1,623 |  |  | $ | 26,969 |
2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Convertible senior notes due 2025 |  | $ | 13,500 |  |  |  | 13,925 |  |  |  | 1,816 |  |  | $ | 29,241 |
Convertible senior debentures |  | $ | 498 |  |  |  | 221 |  |  |  | (35 | ) |  | $ | 684 |
Total |  | $ | 13,998 |  |  | $ | 14,146 |  |  | $ | 1,781 |  |  | $ | 29,925 |
2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Convertible senior notes due 2025 |  | $ | 7,463 |  |  |  | 7,240 |  |  |  | 1,059 |  |  | $ | 15,762 |
Convertible senior debentures |  |  | 8,627 |  |  |  | 3,529 |  |  |  | 254 |  |  |  | 12,410 |
Total |  | $ | 16,090 |  |  | $ | 10,769 |  |  | $ | 1,313 |  |  | $ | 28,172 |

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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 long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + 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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