Quarterly report pursuant to Section 13 or 15(d)

Short-Term And Long-Term Debt (Tables)

v3.22.1
Short-Term And Long-Term Debt (Tables)
 3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Summary Of Carrying Values And Estimated Fair Values Of Debt Instruments
The table below outlines the principal balances and net carrying amounts outstanding of the Notes:
 
 
  
Post ASU 2020-06

As of
March 31,
 
  
Pre ASU 2020-06

As of
December 31,
 
(in ‘000 USD)
  
2022
 
  
2021
 
Principal balances outstanding
    $ 120,000      $ 120,000  
Net of unamortized debt issuance costs
      2,744        2,458  
Net of unamortized equity component costs
      —          15,517  
    
 
 
     
 
 
  
Net carrying
amount(1)
   
$
117,256
 
   
$
102,025
 
    
 
 
     
 
 
  
(1) Due to the adoption of ASU
2020-06
the net carrying amount of the Notes changed. Refer to “Note
2-Summary
of Significant Accounting policies – Recently Adopted Accounting Pronouncements” to the condensed consolidated financial statements for a summary of the effects of the adoption of ASU
2020-06.