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Convertible Notes (Tables) | 9 Months Ended
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Sep. 30, 2024
Convertible Notes [Abstract] |
Schedule of Key Terms of Convertible Notes | Key terms of the Convertible Notes are as follows:
|  | 2026 Notes |  | 2028 Notes |  | 2029 Notes
Principal outstanding |  | $150,000 |  | $25,845 |  | $345,000
Issuance date |  | June 14, 2021 |  | February 14, 2023 |  | August 13, 2024
Maturity date (unless earlier converted, repurchased or redeemed) |  | June 15, 2026 |  | August 15, 2028 |  | August 15, 2029
Interest rate |  | 3.25% |  | 5.75% |  | 3.25%
Initial conversion price |  | $11.04 |  | $9.54 |  | $11.82
Initial conversion rate |  | 90.5797 |  | 104.8658 |  | 84.5934
Redemption price |  | $14.35 |  | $12.40 |  | $15.37
Schedule of Convertible Notes | The following table provides a summary of the Convertible Notes at September 30, 2024 and December 31, 2023:
|  | September 30, 2024 |  | December 31, 2023
|  | 2026 Notes |  | 2028 Notes |  | 2029 Notes |  | Total |  | 2026 Notes |  | 2028 Notes |  | Total
Principal amount |  | $ | 150,000 |  |  | $ | 25,845 |  |  | $ | 345,000 |  |  | $ | 520,845 |  |  | $ | 150,000 |  |  | $ | 130,000 |  |  | $ | 280,000 |
Less: Unamortized issuance costs |  |  | (1,479 | ) |  |  | (498 | ) |  |  | (7,462 | ) |  |  | (9,439 | ) |  |  | (2,125 | ) |  |  | (2,987 | ) |  |  | (5,112 | )
Carrying amount |  | $ | 148,521 |  |  | $ | 25,347 |  |  | $ | 337,538 |  |  | $ | 511,406 |  |  | $ | 147,875 |  |  | $ | 127,013 |  |  | $ | 274,888 |
Effective interest rate(1) |  |  | 3.83% |  |  |  | 6.25% |  |  |  | 3.70% |  |  |  | 3.86% |  |  |  | 6.25% |  |  |  | 3.83% |  |  |  | 4.96% |
| (1) | Includes amortization of the issuance costs and premium.

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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 information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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