XML 58 R44.htm IDEA: XBRL DOCUMENT

CONVERTIBLE PROMISSORY NOTES (Tables)

12 Months Ended

Dec. 31, 2022

These costs were allocated to the debt and equity components based on the allocation of the proceeds as follows (in thousands):


	Amount		Equity Component		Debt Component
Initial Purchaser’s Debt Discount	$	12,420	$	3,650	$	8,770
Debt Issuance Costs	1,871		550		1,321
Total	$	14,291	$	4,200	$	10,091

The outstanding 2028 Convertible Notes balances as of December 31, 2022 are summarized in the following table (in thousands):


	December 31, 2022		December 31, 2021
Long Term Debt
Outstanding principal	$	460,000	$	460,000
Unamortized initial purchaser’s debt discount and debt issuance cost	(12,091)		(143,458)
Net carrying amount	$	447,909	$	316,542

The following table presents total interest expense recognized related to the 2028 Convertible Notes during the year ended December 31, 2022 (in thousands):


	December 31, 2022		December 31, 2021
Cash interest expense
Contractual interest expense	$	2,300	$	249
Non-cash interest expense
Amortization of debt discount and debt issuance cost	1,986		1,812
Total interest expense	$	4,286	$	2,061