XML 48 R31.htm IDEA: XBRL DOCUMENT v3.23.1
DEBT (Tables)
3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Carrying Value, Interest Expense, and Effective Interest Rate for the Notes
Carrying value of the Notes:
(in thousands)March 31, 2023December 31, 2022
Principal$567,000 $600,000 
Unamortized issuance costs(5,345)(6,391)
Convertible senior notes, net$561,655 $593,609 

Interest expense related to the Notes:
Three Months Ended
March 31,
(in thousands)20232022
Contractual interest expense (0.75% coupon)
$1,125 $1,125 
Amortization of issuance costs
728 719 
$1,853 $1,844 
Schedule of Future Payments of Principal and Contractual Interest Future payments of principal and contractual interest:
March 31, 2023
(in thousands)PrincipalInterestTotal
Remainder of 2023$— $1,772 $1,772 
2024— 4,253 4,253 
2025567,000 2,126 569,126 
$567,000 $8,151 $575,151 
Schedule of Change in Capped Call Transactions Change in capped call transactions:
Three Months Ended
March 31,
(in thousands)20232022
January 1,$2,582 $59,964 
Settlements(188)— 
Fair value adjustment3,206 (30,560)
March 31,$5,600 $29,404 
Schedule of Minimum Consolidated EBITDA Beginning with the fiscal quarter ended March 31, 2023 and ending with the fiscal year ended December 31, 2023, maintain
Year to Date
(in thousands)March 31, 2023June 30, 2023September 30, 2023December 31, 2023
Minimum Consolidated EBITDA (as defined in the Credit Facility)$38,862 $59,894 $95,597 $214,590