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Convertible Notes (Table) | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Schedule of key terms of convertible notes | Key terms of the Convertible Notes are as follows:
|  | 2021 Notes |  |  | 2020 Notes |
Maturity date (unless earlier converted, repurchased or redeemed) |  |  | June 15, 2026 |  |  |  | June 15, 2023 |
Interest rate |  |  | 3.25% |  |  |  | 4.25% |
Conversion price |  |  | $11.04 |  |  |  | $5.92 |
Conversion rate |  |  | 90.5797 |  |  |  | 168.9189 |
Redemption price |  |  | $14.35 |  |  |  | $7.70 |
Summary of the carrying value of the convertible notes | The following table provides a summary of the carrying value of the Convertible Notes at December 31, 2022 and 2021:
|  | December 31, 2022 |  | December 31, 2021
|  | 2021 Notes |  | 2020 Notes |  | Total |  | 2021 Notes |  | 2020 Notes |  | Total
Principal amount |  | $ | 150,000 |  |  | $ | 175,000 |  |  | $ | 325,000 |  |  | $ | 150,000 |  |  | $ | 175,000 |  |  | $ | 325,000 |
Plus: Premium |  |  | — |  |  |  | 250 |  |  |  | 250 |  |  |  | — |  |  |  | 250 |  |  |  | 250 |
Gross proceeds |  |  | 150,000 |  |  |  | 175,250 |  |  |  | 325,250 |  |  |  | 150,000 |  |  |  | 175,250 |  |  |  | 325,250 |
Less: Unamortized issuance costs (1) |  |  | (2,981 | ) |  |  | (1,053 | ) |  |  | (4,034 | ) |  |  | (3,833 | ) |  |  | (2,793 | ) |  |  | (6,626 | )
Carrying amount |  | $ | 147,019 |  |  | $ | 174,197 |  |  | $ | 321,216 |  |  | $ | 146,167 |  |  | $ | 172,457 |  |  | $ | 318,624 |
Effective interest rate (2) |  |  | 3.83% |  |  |  | 5.26% |  |  |  | 4.60% |  |  |  | 3.83% |  |  |  | 5.26% |  |  |  | 4.60% |
(1) | Unamortized issuance costs increased by $119 upon the early adoption of ASU 2020-06 on January 1, 2021 and are reported net of the unamortized premium.
(2) | Includes amortization of the issuance costs and premium.

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