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Debt (Tables) | 9 Months Ended
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Sep. 30, 2021
Debt |
Schedule of debt | Our debt consists of:
|  | September 30, |  |  | December 31, |
(In thousands) |  | 2021 |  |  | 2020 |
2023 Notes |  | $ | 240,984 |  |  | $ | 240,984 |
2025 Notes |  |  | 192,500 |  |  |  | 192,500 |
Total debt |  |  | 433,484 |  |  |  | 433,484 |
Unamortized debt discount and issuance costs |  |  | (41,189 | ) |  |  | (47,967 | )
Net long-term debt |  | $ | 392,295 |  |  | $ | 385,517 |
Aggregate scheduled maturities of long-term debt | The aggregate scheduled maturities of our long-term debt as of September 30, 2021 were as follows:
(In thousands) |  |  |
Years ending December 31: |  |  |
Remainder of 2021 |  | $ | — |
2022 |  |  | — |
2023 |  |  | 240,984 |
2024 |  |  | — |
2025 |  |  | 192,500 |
Total |  | $ | 433,484 |
2025 Notes |
Debt |
Summary of liability and equity components of convertible notes | Our outstanding 2025 Notes balances consisted of the following:
|  | September 30, |  |  | December 31, |
(In thousands) |  | 2021 |  |  | 2020 |
Liability component |  |  |  |  |  |
Principal |  | $ | 192,500 |  |  | $ | 192,500 |
Debt discount and issuance costs, net |  |  | (40,420 | ) |  |  | (46,766 | )
Net carrying amount |  | $ | 152,080 |  |  | $ | 145,734 |
Equity component, net |  | $ | 65,361 |  |  | $ | 65,361 |
Schedule of components of interest expense | The following table sets forth total interest expense recognized related to the 2025 Notes for the three and nine months ended September 30, 2021 and 2020:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(In thousands) |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Contractual interest expense |  | $ | 1,203 |  |  | $ | 1,203 |  |  | $ | 3,609 |  |  | $ | 3,609 |
Amortization of debt issuance costs |  |  | 166 |  |  |  | 152 |  |  |  | 487 |  |  |  | 446 |
Amortization of debt discount |  |  | 1,997 |  |  |  | 1,828 |  |  |  | 5,859 |  |  |  | 5,363 |
Total interest and amortization expense |  | $ | 3,366 |  |  | $ | 3,183 |  |  | $ | 9,955 |  |  | $ | 9,418 |

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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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