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Fair Value of Financial Assets and Liabilities (Tables)
 12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Summary of Fair Value and Carrying Value of Long-Term Debt

The fair value and carrying value of long-term debt as of December 31, 2022 and 2021 was as follows (in thousands):

 

 

December 31, 2022

 

 

 

December 31, 2021

 

 

 

 

Fair Value (1)

 

 

Carrying
Value

 

 

 

Fair Value (1)

 

 

Carrying
Value

 

 

Term Loan Facility

 

$

708,000

 

 

$

711,263

 

(2)

 

$

723,000

 

 

$

718,057

 

(2)

2022 Convertible Notes

 

$

—

 

 

$

—

 

 

 

$

230,000

 

 

$

102,788

 

 

 

(1)
Fair value amounts are rounded to the nearest million.
(2)
Carrying value of the Term Loan Facility reflects the unaccreted debt discount of $2.8 million and $3.3 million, respectively, as of December 31, 2022 and 2021. See Note 9, “Long-Term Debt and Other Liabilities,” for further information.