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Royalty Financing Agreement (Tables) | 6 Months Ended
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Jun. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Carrying Value of Royalty Financing Agreement | The following table presents the carrying value of the Company's convertible notes balance (in thousands):
| As of
| June 30, 2024 |  | December 31, 2023
Face value of outstanding convertible notes | $ | 800,000 |  |  | 800,000 |
Debt issuance costs | (9,447) |  |  | (11,091) |
Less: current convertible notes | (224,448) |  |  | — |
Total long-term convertible notes | $ | 566,105 |  |  | $ | 788,909 |
The following table shows the activity within the liability account for the six-month period ended June 30, 2024 and year ended December 31, 2023 (in thousands):
|  | Six Months Ended June 30, 2024 |  | Twelve Months Ended December 31, 2023
Royalty financing agreement liability - beginning balance |  | $ | 158,162 |  |  | $ | 151,538 |
Revenue Interest Payments paid and payable |  | (6,634) |  |  | (12,222) |
Interest expense recognized |  | 9,715 |  |  | 18,846 |
Royalty financing agreement liability - ending balance |  | $ | 161,243 |  |  | $ | 158,162 |
Royalty financing issuance costs: |  |  |  |
Royalty issuance costs, unamortized - beginning balance |  | $ | (3,128) |  |  | $ | (3,523) |
Amortization of issuance costs |  | 262 |  |  | 521 |
Other |  | — |  |  | (126) |
Deferred issuance costs, unamortized - ending balance |  | $ | (2,866) |  |  | $ | (3,128) |
Royalty Financing Agreement |  | $ | 158,377 |  |  | $ | 155,034 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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