XML 37 R28.htm IDEA: XBRL DOCUMENT
v3.22.1

Debt (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Debt |
Schedule of debt | Our debt consisted of:
|  | March 31, |  |  | December 31, |
(In thousands) |  | 2022 |  |  | 2021 |
2023 Notes |  | $ | 96,207 |  |  | $ | 240,984 |
2025 Notes |  |  | 192,500 |  |  |  | 192,500 |
2028 Notes |  |  | 261,000 |  |  |  | — |
Total debt |  |  | 549,707 |  |  |  | 433,484 |
Less: Unamortized debt discount and issuance costs |  |  | (10,960 | ) |  |  | (38,831 | )
Total debt, net |  | $ | 538,747 |  |  | $ | 394,653 |
Less: Current portion of long-term debt, net |  |  | 96,016 |  |  |  | — |
Total long-term debt, net |  | $ | 442,731 |  |  | $ | 394,653 |
Aggregate scheduled maturities of convertible debt | Debt Maturities The aggregate scheduled maturities of our convertible debt as of March 31, 2022 were as follows:
(In thousands) |  |  |
Years ending December 31: |  |  |
Remainder of 2022 |  | $ | — |
2023 |  |  | 96,207 |
2024 |  |  | — |
2025 |  |  | 192,500 |
2026 |  |  | — |
Thereafter |  |  | 261,000 |
Total |  | $ | 549,707 |
2023 Notes |
Debt |
Summary of liability and equity components of convertible notes | Our outstanding 2023 Notes balances consisted of the following:
|  | March 31, |  |  | December 31, |
(In thousands) |  | 2022 |  |  | 2021 |
Liability component |  |  |  |  |  |
Principal |  | $ | 96,207 |  |  | $ | 240,984 |
Debt issuance costs, net |  |  | (191 | ) |  |  | (620 | )
Net carrying amount |  | $ | 96,016 |  |  | $ | 240,364 |
Schedule of components of interest expense | The following table sets forth total interest expense recognized related to the 2023 Notes for the three months ended March 31, 2022 and 2021:
|  | Three Months Ended March 31, |
(In thousands) |  | 2022 |  |  | 2021 |
Contractual interest expense |  | $ | 1,084 |  |  | $ | 1,280 |
Amortization of debt issuance costs |  |  | 122 |  |  |  | 141 |
Total interest and amortization expense |  | $ | 1,206 |  |  | $ | 1,421 |
2025 Notes |
Debt |
Summary of liability and equity components of convertible notes | Our outstanding 2025 Notes balances consisted of the following:
|  | March 31, |  |  | December 31, |
(In thousands) |  | 2022 |  |  | 2021 |
Liability component |  |  |  |  |  |
Principal |  | $ | 192,500 |  |  | $ | 192,500 |
Debt discount and issuance costs, net |  |  | (2,437 | ) |  |  | (38,211 | )
Net carrying amount |  | $ | 190,063 |  |  | $ | 154,289 |
Equity component, net |  | $ | — |  |  | $ | 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 months ended March 31, 2022 and 2021:
|  | Three Months Ended March 31, |
(In thousands) |  | 2022 |  |  | 2021 |
Contractual interest expense |  | $ | 1,203 |  |  | $ | 1,203 |
Amortization of debt issuance costs |  |  | 171 |  |  |  | 159 |
Amortization of debt discount |  |  | — |  |  |  | 1,911 |
Total interest and amortization expense |  | $ | 1,374 |  |  | $ | 3,273 |
2028 Notes |
Debt |
Summary of liability and equity components of convertible notes | Our outstanding 2028 Notes balance as of March 31, 2022 consisted of the following:
(In thousands) |  |  |
Liability component |  |  |
Principal |  | $ | 261,000 |
Debt issuance costs, net |  |  | (8,332 | )
Net carrying amount |  | $ | 252,668 |
Schedule of components of interest expense | The following table sets forth total interest expense recognized related to the 2028 Notes from the date of issuance through March 31, 2022:
(In thousands) |  |  |
Contractual interest expense |  | $ | 346 |
Amortization of debt issuance costs |  |  | 84 |
Total interest and amortization expense |  | $ | 430 |

X
- Definition Tabular disclosure of convertible debt instrument. Includes, but is not limited to, principal amount and amortized premium or discount. + References No definition available. + Details
Name: | us-gaap_ConvertibleDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities. + References No definition available. + Details
Name: | us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 Reference 3: 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=124435984&loc=d3e28541-108399 Reference 4: 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=123467817&loc=d3e21506-112644 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 6: 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=124435984&loc=d3e28551-108399 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69E -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612 Reference 8: 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=123467817&loc=d3e21521-112644 Reference 9: 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=123467817&loc=d3e21538-112644 Reference 10: 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=123599511&loc=d3e64711-112823 Reference 11: 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 12: 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=123467817&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DebtInstrumentAxis=inva_TwoThousandTwentyThreeNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=inva_TwoThousandTwentyFiveNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=inva_TwoThousandTwentyEightNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |