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Long-term Debt (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Summary of Outstanding Principal Amount and Carrying Value

The following table presents the outstanding principal amount and carrying value of the 2021 Notes as of the dates indicated (in thousands):

		June 30, 2023												December 31, 2022
		Principal Amount				Unamortized debt issuance costs				Net Carrying Amount				Principal Amount				Unamortized debt issuance costs				Net Carrying Amount
2021 Notes		$	287,500			$	(6,454	)		$	281,046			$	287,500			$	(7,256	)		$	280,244

Schedule of Notes

Further details of the 2021 Notes are as follows:

Issuance

Maturity Date

Interest Rate

First Interest Payment Date

Effective Interest Rate

Semi-Annual Interest Payment Dates

Initial Conversion Rate per $1,000 Principal

Initial Conversion Price

Number of Shares (in millions)

2021 Notes

May 15, 2027

1.125%

May 15, 2022

1.72%

May 15; November 15

9.0061

$

111.04

2.6

Schedule of Interest Expense

Interest expense related to the Notes was as follows (in thousands):

		Three Months Ended June 30, 2023				Three Months Ended June 30, 2022
		2021 Notes				2019 Notes				2021 Notes				Total
Amortization of debt issuance costs		$	402			$	8			$	395			$	403
Cash interest expense			809				38				809				847
Total interest expense		$	1,211			$	46			$	1,204			$	1,250

		Six Months Ended June 30, 2023				Six Months Ended June 30, 2022
		2021 Notes				2019 Notes				2021 Notes				Total
Amortization of debt issuance costs		$	802			$	19			$	788			$	807
Cash interest expense			1,618				87				1,617				1,704
Total interest expense		$	2,420			$	106			$	2,405			$	2,511

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