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Debt (Tables)

3 Months Ended

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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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.

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