Debt (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of Convertible Senior Notes

The 2027 Notes consisted of the following components as of June 30, 2023 and December 31, 2022 (in thousands):

	June 30, 2023		December 31, 2022
Principal	$	1,150,000	$	1,150,000
Less: issuance costs, net of amortization	(7,770)		(8,707)
Net carrying amount	$	1,142,230	$	1,141,293

The 2025 Notes consisted of the following components as of June 30, 2023 and December 31, 2022 (in thousands):

	June 30, 2023		December 31, 2022
Principal	$	1,150,000	$	1,150,000
Less: issuance costs, net of amortization	(4,749)		(6,035)
Net carrying amount	$	1,145,251	$	1,143,965

Schedule of Interest Expense

Interest expense included in the interim condensed consolidated statements of income for the three and six months ended June 30, 2023 and 2022 was as follows (in thousands):

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2023		2022		2023		2022
Amortization of debt issuance costs	$	1,167	$	1,169	$	2,333	$	2,337
Coupon interest payable on 2025 Notes	359		359		718		718
Coupon interest payable on 2027 Notes	1,078		1,078		2,156		2,156
Interest payable under the credit agreements	622		404		768		543
Capitalization of interest expense	(69)		(78)		(137)		(127)
Total interest expense	$	3,157	$	2,932	$	5,838	$	5,627