Debt (Tables)

9 Months Ended

Sep. 30, 2023

Debt

Schedule of information about the equity and liability components of convertible debt

The carrying amount of the 2025 Notes consisted of the following (in thousands):

	December 31,
	2022
Principal	$	534,980
Unamortized debt issuance costs		(5,407)
Net carrying amount	$	529,573

Schedule of components of interest expense

Interest expense related to the 2025 Notes was comprised of the following (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,		October 1,		September 30,		October 1,
	2023		2022		2023		2022
Contractual interest expense	$	—	$	826	$	1,493	$	2,511
Amortization of debt issuance costs		—		498		960		1,492
	$	—	$	1,324	$	2,453	$	4,003

The 2025 Notes were recorded in convertible debt, net on the Condensed Consolidated Balance Sheet. The remaining balance of the debt issuance costs was recognized in stockholders’ equity for the 2025 Notes that were converted and as debt extinguishment loss for the 2025 Notes that were redeemed in the second quarter of fiscal 2023.