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Debt (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | The following table summarizes information about the net carrying amounts of long-term debt as of September 30, 2024:
(in thousands) | 2026 Notes |  | 2027 Notes |  | Credit Facility |  | Total
Principal amount of notes outstanding | $ | 120,000 |  |  | $ | 265,000 |  |  | $ | 90,000 |  |  | $ | 475,000 |
Unamortized debt issuance cost | (1,251) |  |  | (4,551) |  |  | (1,164) |  |  | (6,966) |
Unamortized discount | — |  |  | — |  |  | (1,299) |  |  | (1,299) |
Total notes payable | $ | 118,749 |  |  | $ | 260,449 |  |  | $ | 87,537 |  |  | $ | 466,735 |
The following table summarizes information about the net carrying amounts of long-term debt as of December 31, 2023:
(in thousands) | 2026 Notes |  | 2027 Notes |  | Total
Principal amount of notes outstanding | $ | 120,000 |  |  | $ | 265,000 |  |  | $ | 385,000 |
Unamortized debt issuance cost | (1,811) |  |  | (5,542) |  |  | (7,353) |
Total notes payable | $ | 118,189 |  |  | $ | 259,458 |  |  | $ | 377,647 |
Summary of Equity and Liability Components of the Notes | The following table summarizes interest expense recognized on the long-term debt:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Contractual interest expense | $ | 3,963 |  |  | $ | 2,554 |  |  | $ | 7,676 |  |  | $ | 6,016 |
Amortization of debt issuance costs | 623 |  |  | 541 |  |  | 1,647 |  |  | 1,594 |
Amortization of discount | 108 |  |  | — |  |  | 108 |  |  | — |
Total interest expense | $ | 4,694 |  |  | $ | 3,095 |  |  | $ | 9,431 |  |  | $ | 7,610 |
Schedule of Maturities of Long-term Debt | The following table summarizes the future principal payments as of September 30, 2024:
(in thousands) |
2024, remaining | $ | — |
2025 | — |
2026 | 120,000 |
2027 | 355,000 |
2028 | — |
Thereafter | — |
Total | $ | 475,000 |

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
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