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Debt (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instrument Components
The following table sets forth the net carrying amounts of the 2027 Notes as of December 31, 2024 and 2023:
As of December 31,
20242023
(in thousands)
Principal$1,150,000 $1,150,000 
Less: debt issuance costs, net of amortization(7,453)(10,034)
Net carrying amount$1,142,547 $1,139,966 
Schedule of Interest Expense
The following table sets forth interest expense recognized and effective interest rate represented related to the 2027 Notes:
For the Year Ended December 31,
202420232022
(in thousands)
Amortization of debt issuance costs$2,581 $2,575 $2,569 
Total interest expense recognized$2,581 $2,575 $2,569 
Effective interest rate0.2 %0.2 %0.2 %