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Debt (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Debt |
Schedule of Debt | Our debt consists of the following:
|  | March 31, |  |  | December 31, |
(In thousands) |  | 2024 |  |  | 2023 |
2025 Notes |  | $ | 192,500 |  |  | $ | 192,500 |
2028 Notes |  |  | 261,000 |  |  |  | 261,000 |
Total debt |  |  | 453,500 |  |  |  | 453,500 |
Less: Unamortized debt discount and issuance costs |  |  | (6,741 | ) |  |  | (7,266 | )
Total long-term debt, net |  | $ | 446,759 |  |  | $ | 446,234 |
Aggregate Scheduled Maturities of Convertible Debt | The aggregate scheduled maturities of our convertible debt as of March 31, 2024 were as follows:
(In thousands) |  | March 31, 2024 |
Years ending December 31: |  |  |
Remainder of 2024 |  | $ | — |
2025 |  |  | 192,500 |
2026 |  |  | — |
2027 |  |  | — |
2028 |  |  | 261,000 |
Total |  | $ | 453,500 |
2025 Notes |
Debt |
Summary of Liability and Equity Components of Convertible Notes | Our outstanding 2025 Notes balances consisted of the following:
|  | March 31, |  |  | December 31, |
(In thousands) |  | 2024 |  |  | 2023 |
Principal |  | $ | 192,500 |  |  | $ | 192,500 |
Debt discount and issuance costs, net |  |  | (1,024 | ) |  |  | (1,205 | )
Net carrying amount |  | $ | 191,476 |  |  | $ | 191,295 |
Schedule of Components of Interest Expense | The following table sets forth total interest expense recognized related to the 2025 Notes for the three months ended March 31, 2024 and 2023:
|  | Three Months Ended March 31, |
(In thousands) |  | 2024 |  |  | 2023 |
Contractual interest expense |  | $ | 1,203 |  |  | $ | 1,203 |
Amortization of debt issuance costs |  |  | 181 |  |  |  | 176 |
Total interest and amortization expense |  | $ | 1,384 |  |  | $ | 1,379 |
2028 Notes |
Debt |
Summary of Liability and Equity Components of Convertible Notes | Our outstanding 2028 Notes balance consisted of the following:
|  | March 31, |  |  | December 31, |
(In thousands) |  | 2024 |  |  | 2023 |
Principal |  | $ | 261,000 |  |  | $ | 261,000 |
Debt issuance costs, net |  |  | (5,717 | ) |  |  | (6,061 | )
Net carrying amount |  | $ | 255,283 |  |  | $ | 254,939 |
Schedule of Components of Interest Expense | The following table sets forth total interest expense recognized related to the 2028 Notes for the three months ended March 31, 2024 and 2023:
|  | Three months ended March 31, |
(In thousands) |  | 2024 |  |  | 2023 |
Contractual interest expense |  | $ | 1,387 |  |  | $ | 1,387 |
Amortization of debt issuance costs |  |  | 344 |  |  |  | 335 |
Total interest and amortization expense |  | $ | 1,731 |  |  | $ | 1,722 |

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