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v3.23.1

Debt (Tables) | 3 Months Ended
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Mar. 31, 2023
Debt Disclosure [Abstract] |
Summary of Long-Term Debt | As of March 31, 2023 and December 31, 2022, long-term debt consisted of the following (in thousands):
| March 31, 2023 |  | December 31, 2022
| 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 | (3,648) |  |  | (3,024) |  |  | (6,672) |  |  | (3,896) |  |  | (3,274) |  |  | (7,170) |
Carrying amount, long-term debt | $ | 209,102 |  |  | $ | 146,976 |  |  | $ | 356,078 |  |  | $ | 208,854 |  |  | $ | 146,726 |  |  | $ | 355,580 |
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 months ended March 31, 2023 and 2022 (in thousands):
|  |  | Three Months Ended March 31,
|  |  |  |  | 2023 |  | 2022
Cash interest expense |  |  |  |  | $ | 2,253 |  |  | $ | 2,253 |
Amortization of debt issuance costs |  |  |  |  | 498 |  |  | 480 |
Total interest expense |  |  |  |  | $ | 2,751 |  |  | $ | 2,733 |
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 March 31, 2023 (in thousands):
| Payments due by Year
| Total |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027 and thereafter
Convertible Senior Notes Due 2026 | $ | 212,750 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 212,750 |  |  | $ | — |
Interest obligations on 2026 Notes (1) | 5,586 |  |  | 798 |  |  | 1,596 |  |  | 1,596 |  |  | 1,596 |  |  | — |
Convertible Senior Notes Due 2025 | 150,000 |  |  | — |  |  | — |  |  | 150,000 |  |  | — |  |  | — |
Interest obligations on 2025 Notes (1) | 22,500 |  |  | 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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- Definition Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 303 -Paragraph (a) -Subparagraph (5) + Details
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