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Debt (Tables)
3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Summary of Net Carrying Amount of Notes

The net carrying amount of the Notes consists of the following:

 

(in thousands)

 

March 31,
2023

 

 

December 31,
2022

 

 

 

 

 

 

 

 

Principal balance

 

$

345,000

 

 

$

345,000

 

Unamortized issuance costs

 

$

(7,011

)

 

$

(7,503

)

Carrying value, net

 

$

337,989

 

 

$

337,497

 

Summary of Total Interest Expense Recognized Related to Notes

The total interest expense recognized related to the Notes consists of the following:

 

 

 

Three months ended
March 31,

 

(in thousands)

 

2023

 

 

2022

 

Contractual interest expense

 

$

216

 

 

$

221

 

Amortization of issuance costs

 

 

493

 

 

 

488

 

Total

 

$

709

 

 

$

709