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Convertible Senior Notes (Tables) | 6 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Convertible Debt | The following table presents details of our convertible senior notes, which are further discussed below (original principal in thousands):
|  | Month Issued |  | Maturity Date |  | Free Convertibility Date |  | Redemption Date |  | Original Principal (including overallotment) |  | Initial Conversion Rate per $1,000 Principal |  | Initial Conversion Price
2026 Notes |  | August 2019 |  | August 15, 2026 |  | May 15, 2026 |  | August 21, 2023 |  | $ | 345,000 |  |  | 12.4756 |  | $ | 80.16 |
2028 Notes |  | August 2023 |  | August 15, 2028 |  | May 15, 2028 |  | August 21, 2026 |  | $ | 702,000 |  |  | 7.4690 |  | $ | 133.89 |
The net carrying amount of the Notes was as follows (in thousands):
| As of June 30, 2025 |  | As of December 31, 2024
| 2026 Notes |  | 2028 Notes |  | 2026 Notes |  | 2028 Notes
Principal | $ | 71,242 |  |  | $ | 702,000 |  |  | $ | 71,242 |  |  | $ | 702,000 |
Unamortized issuance costs | (305) |  |  | (6,825) |  |  | (441) |  |  | (7,910) |
Net carrying amount | $ | 70,937 |  |  | $ | 695,175 |  |  | $ | 70,801 |  |  | $ | 694,090 |
Interest expense related to the Notes was as follows (in thousands):
| Three months ended June 30, |  | Six months ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Contractual interest expense | $ | 2,394 |  |  | $ | 2,394 |  |  | $ | 4,788 |  |  | $ | 4,788 |
Amortization of issuance costs | 610 |  |  | 609 |  |  | 1,220 |  |  | 1,217 |
Total | $ | 3,004 |  |  | $ | 3,003 |  |  | $ | 6,008 |  |  | $ | 6,005 |

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- Definition Tabular disclosure of convertible debt instrument. Includes, but is not limited to, principal amount and amortized premium or discount. + References No definition available. + Details
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- References No definition available. + Details
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