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Debt (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Summary of Long-Term Debt

As of September 30, 2022 and December 31, 2021, long-term debt consisted of the following (in thousands):

			September 30, 2022																		December 31, 2021
			2026 Notes						2025 Notes						Total						2026 Notes						2025 Notes						Total
Outstanding principal balance			$	212,750					$	150,000					$	362,750					$	212,750					$	150,000					$	362,750
Less: Debt issuance costs			(4,157)						(3,526)						(7,683)						(4,915)						(4,271)						(9,186)
Carrying amount, long-term debt			$	208,593					$	146,474					$	355,067					$	207,835					$	145,729					$	353,564

Summary of Total Interest Expense

The following tables set forth the total interest expense recognized related to the term loans and the convertible notes for the three and nine months ended September 30, 2022 and 2021 (in thousands):

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022						2021						2022						2021
Cash interest expense			$	2,274					$	2,274					$	6,801					$	7,511
Payment in kind interest			—						—						—						2,178
Amortization of debt discount			—						—						—						1,750
Amortization of debt issuance costs			529						511						1,504						1,671
Total interest expense			$	2,803					$	2,785					$	8,305					$	13,110

Summary of Contractual Cash Obligations and Rights

The following table summarizes the Company's contractual obligation to settle commitments related to the 2026 Notes and 2025 Notes as of September 30, 2022 (in thousands):

			Payments due by Year
			Total						2022						2023						2024						2025						2026						Thereafter
Convertible Senior Notes Due 2026			$	212,750					$	—					$	—					$	—					$	—					$	212,750					$	—
Interest obligations on 2026 Notes (1)			6,384						—						1,596						1,596						1,596						1,596						—
Convertible Senior Notes Due 2025			150,000						—						—						—						150,000						—						—
Interest obligations on 2025 Notes (1)			26,250						3,750						7,500						7,500						7,500						—						—

(1) The 2026 Notes and 2025 Notes bear interest at a fixed rate of 0.750% and 5.000% per year, respectively.

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