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Convertible Notes
6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Convertible Notes Convertible Notes
The Company’s convertible notes are shown in the following table:
As of
(In thousands)June 30, 2023December 31, 2022
2023 Notes$— $10,381 
Unamortized debt issuance costs — 2023 Notes— (3)
Total convertible notes— 10,378 
Less current portion— 10,378 
Total long-term convertible notes$— $— 
During the first quarter of 2023, the holders of the remaining $10.4 million aggregate principal amount of the 2023 Notes elected to convert the notes pursuant to the original terms of the conversion feature. Accordingly, upon maturity, the Company paid $10.4 million in cash to settle the aggregate principal amount of the 2023 Notes and delivered approximately 0.3 million shares of the Company's common stock to settle the conversion spread.
In connection with the settlement of the conversion of the remaining 2023 Notes, the Company received 0.3 million shares of the Company’s common stock for the retirement of the remaining convertible senior note hedges and paid $10.7 million in cash for the retirement of the remaining warrants during the first quarter of 2023. Additionally, the retirement of the remaining warrants was subject to derivative accounting, resulting in a loss on fair value adjustment of derivatives of $0.2 million for the six months ended June 30, 2023.
Interest expense related to the convertible notes for the three and six months ended June 30, 2023 and 2022 was as follows:
Three Months EndedSix Months Ended
 June 30,June 30,
(In thousands)2023202220232022
2023 Notes coupon interest at a rate of 1.375%
$— $169 $12 $485 
2023 Notes amortization of debt issuance cost— 46 151 
Total interest expense on convertible notes$— $215 $15 $636