XML 45 R33.htm IDEA: XBRL DOCUMENT v3.23.2
DEBT (Tables)
 6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Carrying Value, Interest Expense, and Effective Interest Rate for the Notes
Carrying value of the Notes:
(in thousands)June 30, 2023December 31, 2022
Principal$502,270 $600,000 
Unamortized issuance costs(4,130)(6,391)
Convertible senior notes, net$498,140 $593,609 

Interest expense related to the Notes:
Three Months Ended
June 30,		Six Months Ended
June 30,
(in thousands)2023202220232022
Contractual interest expense (0.75% coupon)
$997 $1,125 $2,122 $2,250 
Amortization of issuance costs
647 720 1,375 1,439 
$1,644 $1,845 $3,497 $3,689 
Schedule of Future Payments of Principal and Contractual Interest Future payments:
June 30, 2023
(in thousands)PrincipalInterestTotal
Remainder of 2023$— $1,998 $1,998 
2024— 3,767 3,767 
2025502,270 1,884 504,154 
$502,270 $7,649 $509,919 
Schedule of Change in Capped Call Transactions Change in capped call transactions:
Six Months Ended
June 30,
(in thousands)20232022
January 1,$2,582 $59,964 
Settlements(341)— 
Fair value adjustment1,845 (49,505)
June 30,$4,086 $10,459 
Schedule of Minimum Consolidated EBITDA
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