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Debt (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Liability Components of the Convertible Notes | The Company's debt consists of the following:
|  | As of December 31,
(in thousands) |  | 2024 |  | 2023
Senior Secured Term Loan due 2029: |  |  |  |
Principal |  | $ | 400,000 |  |  | $ | 400,000 |
Less: debt discount (1) |  | (7,863) |  |  | (9,652) |
Less: deferred financing (1) |  | (2,026) |  |  | (2,490) |
Net carrying value of long-term debt |  | $ | 390,111 |  |  | $ | 387,858 |
_____________________________ (1) Included in the Consolidated Balance Sheets within long-term debt and amortized to interest expense over the remaining life of the corresponding Senior Secured Term Loan using the effective interest rate method.
Schedule of Components of Total Interest Expense | The following table sets forth interest expense recognized related to the Company's debt for the years ended December 31, 2024 and 2023, respectively:
|  | December 31,
(in thousands, except interest rate amounts) |  | 2024 |  | 2023
Contractual interest expense |  | $ | 47,373 |  |  | $ | 47,626 |
Amortization of debt discount |  | $ | 1,790 |  |  | $ | 1,605 |
Amortization of deferred financing |  | $ | 472 |  |  | $ | 1,011 |
Effective interest rate of the liability component, Senior Secured Term Loan due 2029 |  | 12.0 | % |  | 12.8 | %

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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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- Definition Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities. + References No definition available. + Details
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