Convertible Notes and PPP Term Note (Tables)
|6 Months Ended|
Jun. 30, 2021
|Debt Disclosure [Abstract]|
|Fair Value, Liabilities Measured on Recurring Basis||
The following table sets forth a reconciliation of the fair value of the 2024 Notes:
(1) The change in fair value of the 2024 Notes was primarily driven by changes in our stock price during the periods presented. The Company recognized the changes in fair value in Interest (Income) Expense.
(2) The change in fair value of the 2024 Notes attributable to credit risk is primarily due to moderate improvements in the Company’s synthetic credit rating. The Company recognized the change in fair value attributable to credit risk in Other Comprehensive Loss.
Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef