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Debt (Tables)
6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Net Carrying Amount of Liability and Equity Component of Notes
The net carrying amount of the liability components of the Convertible Notes were as follows:
As of June 30,As of December 31,
20232022
2026 Convertible Notes:(In thousands)
Principal$175,000 $240,000 
Unamortized debt issuance costs(2,325)(3,805)
2026 Convertible Notes net carrying amount172,675 236,195 
2028 Convertible Notes:
Principal250,000 250,000 
Unamortized debt issuance costs(5,116)(5,649)
2028 Convertible Notes net carrying amount244,884 244,351 
Total net carrying amount$417,559 $480,546 
Schedule of Interest Income and Interest Expense Disclosure
The following table sets forth the interest expense recognized related to the Convertible Notes:
Three months ended June 30,Six months ended June 30,
2023202220232022
2026 Convertible Notes:(In thousands)
Contractual interest expense$109 $250 $247 $500 
Amortization of debt issuance costs210 496 506 991 
Total interest expense related to the 2026 Convertible Notes319 746 753 1,491 
2028 Convertible Notes:
Contractual interest expense313 313 626 626 
Amortization of debt issuance costs264 265 530 530 
Total interest expense related to the 2028 Convertible Notes577 578 1,156 1,156 
Total interest expense$896 $1,324 $1,909 $2,647 
Schedule of Capped Call Transactions
The following table sets forth key terms and costs incurred for the Capped Calls related to the Convertible Notes:
2026 Convertible Notes2028 Convertible Notes
(In thousands, except share and per share amounts)
Initial approximate strike price per share, subject to certain adjustments$91.03 $179.27 
Initial cap price per share, subject to certain adjustments$137.40 $260.76 
Net costs incurred$43,320 $25,500 
Class A common stock covered, subject to anti-dilution adjustments4,394,276 1,394,525