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Debt (Tables) | 6 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instrument Components | The following table sets forth the net carrying amounts of the 2027 Notes and the 2031 Notes as of June 30, 2025, and December 31, 2024:
|  | June 30, 2025 |  | December 31, 2024
|  | (unaudited) |  |
|  | (in thousands)
2027 Notes |  |  |  |
Outstanding principal amount |  | $ | 490,660 |  |  | $ | 1,150,000 |
Less: unamortized debt issuance costs |  | (2,628) |  |  | (7,453) |
Net carrying amount |  | $ | 488,032 |  |  | $ | 1,142,547 |
2031 Notes |  |  |  |
Outstanding principal amount |  | $ | 600,000 |  |  | $ | — |
Add: unamortized debt premium |  | 39,055 |  |  | — |
Less: unamortized debt issuance costs |  | (11,561) |  |  | — |
Net carrying amount |  | $ | 627,494 |  |  | $ | — |
Total net carrying amount |  | $ | 1,115,526 |  |  | $ | 1,142,547 |
Schedule of Interest Expense | The following table sets forth interest expenses recognized and effective interest rates represented related to the 2027 Notes and the 2031 Notes:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
|  | (unaudited)
|  | (in thousands)
Coupon interest expense |  | $ | 1,916 |  |  | $ | — |  |  | $ | 2,833 |  |  | $ | — |
Amortization of debt premium |  | (1,697) |  |  | — |  |  | (2,525) |  |  | — |
Amortization of debt issuance costs |  | 764 |  |  | 645 |  |  | 1,466 |  |  | 1,290 |
Total interest expense recognized |  | $ | 983 |  |  | $ | 645 |  |  | $ | 1,774 |  |  | $ | 1,290 |
Effective interest rate: |  |  |  |  |  |  |  |
2027 Notes |  | 0.2% |  | 0.2% |  | 0.2% |  | 0.2%
2031 Notes |  | 0.4% |  | * |  | 0.4% |  | *
*Not applicable

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