Convertible Senior Notes, Net (Tables)

6 Months Ended

Jun. 30, 2021

The following table summarizes the terms of the Convertible Notes as of June 30, 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	1.15
2023 Notes	230,000		5.38	%	6.16	%	48.7187	10/15/2023	2.29
Total	$	575,000

The following table summarizes the terms of the Convertible Notes as of December 31, 2020 ($ 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	1.65
2023 Notes	230,000		5.38	%	6.16	%	48.7187	10/15/2023	2.79
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 Convertible 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.