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Convertible Notes, Net (Tables)
 6 Months Ended
Jun. 30, 2023
Debt Instruments [Abstract]  
Summary of Outstanding Convertible Senior Notes
As of June 30, 2023, the following convertible senior notes, or Convertible Notes, were outstanding ($ in thousands):

Convertible Notes IssuanceFace ValueInterest Rate
All-in Cost(1)
Conversion Price(2)
Maturity
March 2022$300,000 5.50%5.94%$36.27March 15, 2027
(1)Includes issuance costs that are amortized through interest expense over the life of the Convertible Notes using the effective interest method.
(2)Represents the price of class A common stock per share based on a conversion rate of 27.5702 for the March 2022 convertible notes. The conversion rate represents the number of shares of class A common stock issuable per $1,000 principal amount of Convertible Notes. The cumulative dividend threshold as defined in the March 2022 convertible notes supplemental indenture has not been exceeded as of June 30, 2023.
Summary of Details of Net Book Value of Convertible Note
The following table details the net book value of our Term Loans on our consolidated balance sheets ($ in thousands):

 June 30, 2023December 31, 2022
Face value$2,146,220 $2,157,218 
Deferred financing costs and unamortized discount(38,205)(42,669)
Net book value$2,108,015 $2,114,549 
The following table details the net book value of our Convertible Notes on our consolidated balance sheets ($ in thousands):
 June 30, 2023December 31, 2022
Face value$300,000 $520,000 
Deferred financing costs and unamortized discount(4,792)(5,743)
Net book value$295,208 $514,257 
Summary of Details about Interest Expense
The following table details our interest expense related to the Convertible Notes ($ in thousands):
 Three Months Ended June 30,Six Months Ended June 30,
 2023202220232022
Cash coupon$4,125 $8,132 $10,389 $15,384 
Discount and issuance cost amortization3197909501,578
Total interest expense$4,444 $8,922 $11,339 $16,962