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Long-Term Debt, Net (Tables) | 6 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments | The carrying amount and fair value of our Convertible Notes were as follows (in thousands).
|  | June 30, 2025 |  | December 31, 2024
Principal amount |  |  |  |
2027 Convertible Notes |  | $ | 805,000 |  |  | $ | 805,000 |
2028 Convertible Notes |  | 720,000 |  |  | 720,000 |
Total principal amount |  | $ | 1,525,000 |  |  | $ | 1,525,000 |
Unamortized debt discount |  |  |  |
2027 Convertible Notes |  | $ | (5,793) |  |  | $ | (7,518) |
2028 Convertible Notes |  | (10,107) |  |  | (11,684) |
Total unamortized debt discount |  | $ | (15,900) |  |  | $ | (19,202) |
Carrying amount |  |  |  |
2027 Convertible Notes |  | $ | 799,207 |  |  | $ | 797,482 |
2028 Convertible Notes |  | 709,893 |  |  | 708,316 |
Total carrying amount |  | $ | 1,509,100 |  |  | $ | 1,505,798 |
Fair value based on trading levels (Level 2) |  |  |  |
2027 Convertible Notes |  | $ | 800,895 |  |  | $ | 769,218 |
2028 Convertible Notes |  | 826,855 |  |  | 779,882 |
Total fair value of outstanding notes |  | $ | 1,627,750 |  |  | $ | 1,549,100 |
Remaining amortization per period of debt discount (in years) |  |  |  |
2027 Convertible Notes |  | 1.7 |  | 2.2
2028 Convertible Notes |  | 3.1 |  | 3.6
Schedule of Interest Income and Interest Expense Disclosure | The following table summarizes the components of interest expense and the effective interest rates for each of our Convertible Notes (in thousands).
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Coupon interest |  |  |  |  |  |  |  |
2027 Convertible Notes |  | $ | 503 |  | $ | 503 |  | $ | 1,006 |  | $ | 1,006
2028 Convertible Notes |  | 1,800 |  | 1,800 |  | 3,600 |  | 3,600
Total coupon interest |  | $ | 2,303 |  | $ | 2,303 |  | $ | 4,606 |  | $ | 4,606
Amortization of debt discount |  |  |  |  |  |  |  |
2027 Convertible Notes |  | $ | 863 |  | $ | 857 |  | $ | 1,725 |  | $ | 1,713
2028 Convertible Notes |  | 790 |  | 778 |  | 1,576 |  | 1,553
Total amortization of debt discount |  | $ | 1,653 |  | $ | 1,635 |  | $ | 3,301 |  | $ | 3,266
Interest expense |  |  |  |  |  |  |  |
2027 Convertible Notes |  | $ | 1,366 |  | $ | 1,360 |  | $ | 2,731 |  | $ | 2,719
2028 Convertible Notes |  | 2,590 |  | 2,578 |  | 5,176 |  | 5,153
Total interest expense |  | $ | 3,956 |  | $ | 3,938 |  | $ | 7,907 |  | $ | 7,872
Effective interest rates |  |  |  |  |  |  |  |
2027 Convertible Notes |  | 0.7 | % |  | 0.7 | % |  | 0.7 | % |  | 0.7 | %
2028 Convertible Notes |  | 1.5 | % |  | 1.5 | % |  | 1.5 | % |  | 1.5 | %

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