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Fair Value of Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2024
Fair Value Disclosures [Abstract] |
Summay of Financial Assets and Liabilities Measured at Fair Value on a Recurrig Basis | Financial assets and liabilities measured at fair value on a quarterly basis are as follows: Fair value as of June 30, 2024 (in thousands):
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Contingent consideration |  |  |  |  |  |  |  |  |  |  |  |
Earnout liability |  | $ | - |  |  | $ | - |  |  | $ | 4,142 |  |  | $ | 4,142 |
Total liabilities at fair value |  | $ | - |  |  | $ | - |  |  | $ | 4,142 |  |  | $ | 4,142 |
Fair value as of December 31, 2023 (in thousands):
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Contingent consideration |  |  |  |  |  |  |  |  |  |  |  |
Earnout liability |  | $ | - |  |  | $ | - |  |  | $ | 2,300 |  |  | $ | 2,300 |
Total liabilities at fair value |  | $ | - |  |  | $ | - |  |  | $ | 2,300 |  |  | $ | 2,300 |
Summary of Carrying Values and Estimated Fair Values Of Financial Instruments | The carrying values and estimated fair values of our financial instruments that are not required to be recorded at fair value in our consolidated balance sheets, on the basis of Level 1 inputs for the Company's convertible notes and Level 2 inputs for the delayed draw term loan, were as follows (in thousands):
|  | June 30, 2024 |  |  | December 31, 2023 |
|  | Carrying Value |  |  | Fair Value |  |  | Carrying Value |  |  | Fair Value |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Convertible senior notes due 2025 |  | $ | 115,443 |  |  | $ | 207,797 |  |  | $ | 400,000 |  |  | $ | 568,000 |
Convertible senior notes due 2029 |  |  | 800,000 |  |  |  | 859,520 |  |  |  | - |  |  |  | - |
Delayed draw term loan |  |  | 350,000 |  |  |  | 350,000 |  |  |  | 350,000 |  |  |  | 350,000 |
Total |  | $ | 1,265,443 |  |  | $ | 1,417,317 |  |  | $ | 750,000 |  |  | $ | 918,000 |

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-11 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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