Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2022

Long-Term Debt

Schedule of long-term debt

Long-term debt consisted of the following items (in thousands):

	December 31,
	2021		2022
Credit Facility (a)	$	—		34,800
5.00% senior notes due 2025 (d)		584,635		—
8.375% senior notes due 2026 (e)		325,000		96,870
7.625% senior notes due 2029 (f)		584,000		407,115
5.375% senior notes due 2030 (g)		600,000		600,000
4.25% convertible senior notes due 2026 (h)		81,570		56,932
Total principal		2,175,205		1,195,717
Unamortized discount, net		(27,772)		—
Unamortized debt issuance costs		(21,989)		(12,241)
Long-term debt	$	2,125,444		1,183,476

4.25% convertible senior notes due 2026

Long-Term Debt

Schedule of long-term debt

The 2026 Convertible Notes consist of the following (in thousands):

	December 31,
	2021		2022
Liability component:
Principal	$	81,570		56,932
Less: unamortized note discount (1)		(27,772)		—
Less: unamortized debt issuance costs		(1,592)		(1,159)
Net carrying value	$	52,206		55,773
Equity component (1)	$	32,799		—

(1) As of December 31, 2021, the equity component attributable to the outstanding 2026 Convertible Notes was recorded in additional paid-in capital net of $1 million of issuance costs and $8 million of deferred taxes. Upon adoption of ASU 2020-06 on January 1, 2022, the equity component was reclassified from additional paid-in capital to long-term debt and fully offset the remaining discount on the 2026 Convertible Notes. See Note 2—Summary of Significant Accounting Policies to the consolidated financial statements.