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Debt (Tables)
3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Long-term debt consists of the following (in thousands):
March 31, 2025December 31, 2024
4.625% Senior Notes
$460,038 $460,038 
1.75% Convertible Notes
149,109 149,109 
3.625% Convertible Notes
263,147 263,147 
Total Notes872,294 872,294 
Credit Agreement— — 
Less: Unamortized discount(5,333)(5,676)
Deferred issuance costs (1)
(2,132)(2,336)
Total long-term debt$864,829 $864,282 
(1)Includes $0.7 million and $0.7 million of carrying amount of deferred issuance costs on the 4.625% Senior Notes as of March 31, 2025 and December 31, 2024, respectively, $0.8 million and $0.9 million of carrying amount of deferred issuance costs on the 1.75% Convertible Notes as of March 31, 2025 and December 31, 2024, respectively, and $0.7 million and $0.7 million of carrying amount of deferred issuance costs on the 3.625% Convertible Notes as of March 31, 2025 and December 31, 2024, respectively.
Schedule of Debt
The following table provides the components of interest expense related to the 1.75% Convertible Notes (in thousands):
Three months ended March 31,
20252024
Contractual interest expense$652 $2,406 
Amortization of discount and deferred issuance costs
123 470 
Total interest expense related to 1.75% Convertible Notes
$775 $2,876 
The following table provides the components of interest expense related to the 3.625% Convertible Notes (in thousands):
Three months ended
March 31, 2025
Coupon interest expense$2,385 
Amortization of discount and debt issuance costs
317 
Total interest expense related to 3.625% Convertible Notes
$2,702