XML 66 R47.htm IDEA: XBRL DOCUMENT v3.22.0.1
Convertible Notes (Table)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of key terms of convertible notes
Key terms of the Convertible Notes are as follows:
 
 
  
2021 Notes
  
2020 Notes
Maturity date (unless earlier converted, repurchased or redeemed)
    June 15, 2026   June 15, 2023
Interest rate
    3.25%   4.25%
Conversion price
    $11.04   $5.92
Conversion rate
    90.5797   168.9189
Redemption price
    $14.35   $7.70
Summary of the carrying value of the convertible notes
The following
 table provides a summary of the carrying value of the Convertible Notes at December 31, 2021 and 2020:
 
    
December 31, 2021
    
December 31,

2020
  
    
2021 Notes
    
2020 Notes
    
Total
  
Principal amount
    $ 150,000     $ 175,000     $ 325,000     $ 175,000  
Plus: Premium
      —       250       250       250  
    
 
 
    
 
 
    
 
 
    
 
 
  
Gross proceeds
      150,000       175,250       325,250       175,250  
Less: Unamortized discount
(1)
      —       —       —       (4,207 ) 
Less: Unamortized issuance costs
(1)
      (3,833 )      (2,793 )      (6,626 )      (4,397 ) 
    
 
 
    
 
 
    
 
 
    
 
 
  
Carrying amount
    $ 146,167     $ 172,457     $ 318,624     $ 166,646  
    
 
 
    
 
 
    
 
 
    
 
 
  
Effective interest rate
(2)
      3.83 %      5.26 %      4.60 %      6.29 % 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
(1)
Unamortized discount was reduced by $
4,207
and unamortized issuance costs increased by $119 upon the early adoption of ASU
2020-06
on January 1, 2021. The discount previously arose from the bifurcation of the conversion option which occurred prior to the adoption of ASU
2020-06.
The unamortized issuance costs are reported net of the unamortized premium.
(2)
Includes amortization of the issuance costs and premium. The effective interest rate prior to January 1, 2021 also included amortization of the discount arising from the bifurcation of the conversion option.