XML 70 R58.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Debt (Details)
$ / shares in Units, shares in Thousands
1 Months Ended 3 Months Ended 6 Months Ended 21 Months Ended
Apr. 30, 2020
USD ($)
$ / shares
Oct. 31, 2023
Nov. 30, 2022
USD ($)
Apr. 30, 2020
USD ($)
D
$ / shares
Jul. 31, 2017
Jun. 30, 2024
USD ($)
$ / shares
shares
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
$ / shares
shares
Jun. 30, 2023
USD ($)
Sep. 30, 2023
Dec. 31, 2023
USD ($)
$ / shares
shares
Dec. 31, 2020
USD ($)
Sep. 30, 2015
USD ($)
Debt Instrument [Line Items]                          
Remaining borrowing capacity           $ 20,000,000.0   $ 20,000,000.0          
Collateral amount           $ 150,000,000.0   $ 150,000,000.0          
Common Stock, Par or Stated Value Per Share | $ / shares           $ 0.0001   $ 0.0001     $ 0.0001    
Common stock, shares issued | shares           123,365   123,365     119,581    
Accrued Interest           $ 1,078,000   $ 1,078,000     $ 1,078,000    
Amortization of debt discount and issuance cost               658,000 $ 642,000        
Interest expense           3,127,000 $ 3,177,000 6,251,000 6,238,000        
Convertible Notes                          
Debt Instrument [Line Items]                          
Principal amount $ 287,500,000     $ 287,500,000   287,500,000   $ 287,500,000          
Proceeds from Convertible Note, net of issuance costs       $ 278,300,000                  
Per annum interest rate (as a percent)       2.25%       2.25%          
Interest expense           $ 1,947,000 1,939,000 $ 3,892,000 3,876,000        
Common Stock, Par or Stated Value Per Share | $ / shares $ 0.0001     $ 0.0001                  
Debt instrument, term               7 years          
Effective interest rate (as a percent)           2.72%   2.72%          
Principal amount per convertible note       $ 1,000                  
Number of threshold consecutive trading days | D       30                  
Threshold business days | D       5                  
Conversion price (in dollars per share) | $ / shares $ 38.79     $ 38.79                  
Initial conversion rate 25.7785                        
Convertible to shares of common stock 7,411,704                        
Percentage of principal amount converted 100.00%                        
Carrying value           $ 283,604,000   $ 283,604,000     282,945,000    
5 consecutive trading day period | Convertible Notes                          
Debt Instrument [Line Items]                          
Threshold trading days | D       5                  
Percentage of conversion price       98.00%                  
20 trading days period | Convertible Notes                          
Debt Instrument [Line Items]                          
Threshold trading days | D       20                  
Percentage of conversion price       130.00%                  
Redeemable for cash on or after May 2024                          
Debt Instrument [Line Items]                          
Number of threshold consecutive trading days | D       20                  
Threshold trading days | D       30                  
Percentage of conversion price       130.00%                  
Percentage of principal amount converted       100.00%                  
Level 2 | Convertible Notes                          
Debt Instrument [Line Items]                          
Fair value of long-term debt           800,700,000   800,700,000     491,800,000    
Line Of Credit-UBS                          
Debt Instrument [Line Items]                          
Maximum borrowing capacity     $ 100,000,000.0       100,000,000.0   100,000,000.0     $ 150,000,000.0 $ 50,000,000.0
Outstanding balance           80,400,000   80,400,000     $ 80,400,000    
Credit facility drawn down               80,000,000.0          
Remaining borrowing capacity           20,000,000.0   20,000,000.0          
Borrowings under credit facility     $ 30,000,000.0                    
Collateral amount           $ 150,000,000.0   150,000,000.0          
Interest expense               $ 2,400,000 $ 2,400,000        
Interest rate (as a percent)           5.84%   5.84%          
Interest expense           $ 1,200,000 $ 1,200,000            
Line Of Credit-UBS | LIBOR                          
Debt Instrument [Line Items]                          
Spread on interest rate (as a percent)         1.10%                
Line Of Credit-UBS | SOFR                          
Debt Instrument [Line Items]                          
Spread on interest rate (as a percent)   0.50%           0.50%   1.21%      
2017 Term Loan                          
Debt Instrument [Line Items]                          
Debt, repayment amount       $ 79,200,000