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Debt (Tables)
12 Months Ended
Dec. 31, 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 December 31,
20232022
2026 Convertible Notes:(In thousands)
Principal$175,000 $240,000 
Unamortized debt issuance costs(1,891)(3,805)
2026 Convertible Notes net carrying amount173,109 236,195 
2028 Convertible Notes:
Principal250,000 250,000 
Unamortized debt issuance costs(4,583)(5,649)
2028 Convertible Notes net carrying amount245,417 244,351 
Total net carrying amount$418,526 $480,546 
Schedule of Interest Income and Interest Expense Disclosure
The following table sets forth the interest expense recognized related to the Convertible Notes:
Year ended December 31,
20232022
2026 Convertible Notes:(In thousands)
Contractual interest expense$465 $997 
Amortization of debt issuance costs940 1,915 
Total interest expense related to the 2026 Convertible Notes1,405 2,912 
2028 Convertible Notes:
Contractual interest expense1,250 1,250 
Amortization of debt issuance costs1,064 1,062 
Total interest expense related to the 2028 Convertible Notes2,314 2,312 
Total interest expense$3,719 $5,224 
Schedule of Capped Call Transactions
The following table sets forth key terms and costs incurred for the Capped Calls related to the Convertible Notes as of December 31, 2023:
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 adjustments1,922,498 1,394,525