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Long-term Debt (Tables) | 6 Months Ended
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Jun. 30, 2026
Debt Disclosure [Abstract] |
Summary of Outstanding Principal Amount and Carrying Value | The following table presents the outstanding principal amount and carrying value of the Notes as of the dates indicated (in thousands):
| June 30, 2026 |  |  | December 31, 2025 |
| Principal Amount |  |  | Unamortized debt issuance costs |  |  | Net Carrying Amount |  |  | Principal Amount |  |  | Unamortized debt issuance costs |  |  | Net Carrying Amount |
2021 Notes | $ | 57,302 |  |  | $ | (283 | ) |  | $ | 57,019 |  |  | $ | 97,498 |  |  | $ | (753 | ) |  | $ | 96,745 |
2025 Notes |  | 190,000 |  |  |  | (5,079 | ) |  |  | 184,921 |  |  |  | 190,000 |  |  |  | (5,859 | ) |  |  | 184,141 |
Total Debt | $ | 247,302 |  |  | $ | (5,362 | ) |  | $ | 241,940 |  |  | $ | 287,498 |  |  | $ | (6,612 | ) |  | $ | 280,886 |
Short-term Debt |  | 57,302 |  |  |  | (283 | ) |  |  | 57,019 |  |  |  | 97,498 |  |  |  | (753 | ) |  |  | 96,745 |
Long-term Debt | $ | 190,000 |  |  | $ | (5,079 | ) |  | $ | 184,921 |  |  | $ | 190,000 |  |  | $ | (5,859 | ) |  | $ | 184,141 |
Schedule of Notes | Further details of the 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 |  |  | 0.5
2025 Notes |  | September 15, 2029 |  | 0% |  | N/A |  | 0.84% |  | N/A |  | 3.7398 |  | $ | 267.39 |  |  | 0.7
Schedule of Interest Expense | Interest expense related to the Notes was as follows (in thousands):
| Three Months Ended June 30, 2026 |  |  | Three Months Ended June 30, 2025 |  |  | Six Months Ended June 30, 2026 |  |  | Six Months Ended June 30, 2025 |
| 2025 Notes |  |  | 2021 Notes |  |  | 2021 Notes |  |  | 2025 Notes |  |  | 2021 Notes |  |  | 2021 Notes |
Amortization of debt issuance costs | $ | 390 |  |  | $ | 80 |  |  | $ | 416 |  |  | $ | 779 |  |  | $ | 207 |  |  | $ | 830 |
Cash interest expense |  | — |  |  |  | 161 |  |  |  | 809 |  |  |  | — |  |  |  | 418 |  |  |  | 1,618 |
Total interest expense | $ | 390 |  |  | $ | 241 |  |  | $ | 1,225 |  |  | $ | 779 |  |  | $ | 625 |  |  | $ | 2,448 |

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