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Convertible Notes, Net (Tables)
 3 Months Ended
Mar. 31, 2024
Debt Instruments [Abstract]  
Summary of Outstanding Convertible Senior Notes
As of March 31, 2024, 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 convertible notes$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 Convertible Notes. The conversion rate represents the number of shares of class A common stock issuable per $1,000 principal amount of Convertible Notes. The cumulative dividend threshold has not been exceeded as of March 31, 2024.
Summary of Details of Net Book Value of Convertible Note
The following table details the net book value of our Term Loans on our consolidated balance sheets ($ in thousands):

 March 31, 2024December 31, 2023
Face value$2,129,723 $2,135,221 
Deferred financing costs and unamortized discount(31,308)(33,589)
Net book value$2,098,415 $2,101,632 
The following table details the net book value of our Convertible Notes on our consolidated balance sheets ($ in thousands):
 March 31, 2024December 31, 2023
Face value$300,000 $300,000 
Deferred financing costs and unamortized discount(3,834)(4,153)
Net book value$296,166 $295,847 
Summary of Details about Interest Expense
The following table details our interest expense related to the Convertible Notes ($ in thousands):
 Three Months Ended March 31,
 20242023
Cash coupon$4,125 $6,264 
Discount and issuance cost amortization319631
Total interest expense$4,444 $6,895