v3.23.1
Convertible Senior Notes (Tables)
3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Convertible Notes
The following table presents details of the Company's convertible senior notes, which are further discussed below (original principal in thousands):
Month Issued
Maturity Date (1)
Original Principal
Interest Rate per Annum
Conversion Rate for Each $1,000 Principal (2)
Initial Conversion Price per Share
2023 Notes
February 15, 2018
February 15, 2023
$230,000 0.75 %$17.4292 $57.38 
2026 Notes
June 1, 2019
June 1, 2026
$316,250 0.75 %$11.2851 $88.61 
2025 NotesNovember 15, 2020November 15, 2025$350,000 0.125 %$7.1355 $140.14 
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(1) Unless earlier converted or repurchased in accordance with their terms prior to such date
(2) Subject to adjustment upon the occurrence of certain specified events
The 2023 Notes, 2026 Notes and 2025 Notes consist of the following:
As of March 31, 2023As of December 31, 2022
2023 Notes2026 Notes2025 Notes2023 Notes2026 Notes2025 Notes
Principal$— $303,995 $191,000 $10,908 $316,250 $350,000 
Unamortized debt issuance costs— (4,072)(1,945)(5)(4,563)(3,898)
Net carrying amount$— $299,923 $189,055 $10,903 $311,687 $346,102 
Schedule of Interest Expense
The following table sets forth total interest expense recognized related to the 2023, 2026 and 2025 Notes:
Three Months Ended March 31,
20232022
Contractual interest expense$703 $723 
Amortization of debt issuance costs618 676 
Total$1,321 $1,399