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Convertible Senior Notes, Net (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Schedule of Convertible Senior Notes

The following table summarizes the terms of the Notes as of March 31, 2021 ($ in thousands):

			Principal Amount			Coupon Rate			Effective Rate (1)			Conversion Rate (2)			Maturity Date			Remaining Period of Amortization
2022 Notes			$	345,000		4.75		%	5.60		%	50.2260			8/23/2022			1.40
2023 Notes			230,000			5.38		%	6.16		%	48.7187			10/15/2023			2.54
Total			$	575,000

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(1)Effective rate includes the effect of the adjustment for the conversion option (See footnote (2) below), the value of which reduced the initial liability and was recorded in additional paid-in-capital.

(2)We have the option to settle any conversions in cash, shares of common stock or a combination thereof. The conversion rate represents the number of shares of common stock issuable per one thousand principal amount of the Notes converted, and includes adjustments relating to cash dividend payments made by us to stockholders that have been deferred and carried-forward in accordance with, and are not yet required to be made pursuant to, the terms of the applicable supplemental indenture.

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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.

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