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Long-Term Obligations (Tables) - 3% Convertible Senior Notes Due 2025 [Member]
9 Months Ended
Sep. 30, 2023
Summary of Outstanding Balances of Convertible Notes

The outstanding balances of the Notes consisted of the following (in thousands):

 

 

As of September 30, 2023

 

 

As of December 31, 2022

 

Principal

 

$

172,500

 

 

$

172,500

 

Less: debt issuance costs

 

 

(1,798

)

 

 

(2,395

)

Net carrying amount

 

$

170,702

 

 

$

170,105

 

Schedule of Interest Expense Recognized Related to Convertible Notes

The following table sets forth total interest expense recognized related to the Notes (in thousands):

 

 

For the Three Months
Ended September 30,

 

 

For the Nine Months
Ended September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Contractual interest expense

 

$

1,293

 

 

$

1,293

 

 

$

3,881

 

 

$

3,881

 

Amortization of debt issuance costs

 

 

205

 

 

 

202

 

 

 

597

 

 

 

602

 

Total

 

$

1,498

 

 

$

1,495

 

 

$

4,478

 

 

$

4,483

 

Summary of Future Minimum Payments on Convertible Notes

Future minimum payments on the Notes as of September 30, 2023 were as follows (in thousands):

Years ended December 31,

 

Future Minimum
Payments

 

2023

 

$

2,588

 

2024

 

 

5,175

 

2025

 

 

177,675

 

Total minimum payments

 

 

185,438

 

Less: interest expense and issuance costs

 

 

(14,736

)

Convertible senior notes

 

$

170,702