Debt (Tables)

12 Months Ended

Dec. 31, 2022

Loan Agreement

Debt Instrument [Line Items]

Schedule of Loans Balances

The following table summarizes our term loans:

	December 31, 2022			December 31, 2021
	(in thousands)
Principal value of term loans	$	429,916		$	450,000
PIK added to principal		15,324			—
Debt discount, issuance costs and exit fees accretion		(14,247	)		(19,248	)
Term loan, net	$	430,993		$	430,752

Schedule of Future Minimum Payments

Future minimum payments under the Loan Agreement as of December 31, 2022, are as follows:

	Amount
	(in thousands)
Year Ending December 31:
2023	$	37,051
2024		40,628
2025		40,628
2026		499,698
Total future payments		618,005
Less amounts representing interest		(164,167	)
Less exit fee		(8,598	)
Total principal amount of term loan payments	$	445,240

2027 and 2029 Notes

Debt Instrument [Line Items]

Schedule of Loans Balances

The outstanding Notes’ balances consisted of the following:

	December 31, 2022						December 31, 2021
	2029 Notes			2027 Notes			2029 Notes			2027 Notes
	(in thousands)						(in thousands)
Principal	$	747,500		$	550,000		$	747,500		$	550,000
Unamortized debt discount and issuance costs		(12,512	)		(8,366	)		(14,381	)		(10,066	)
Net carrying amount	$	734,988		$	541,634		$	733,119		$	539,934

Schedule of Total Interest Expense Recognized and Effective Interest Related to Notes

The following table sets forth the total interest expense recognized and effective interest rates related to the Notes:

	Year ended December 31, 2022								Year ended December 31, 2021								Year ended December 31, 2020
	2029 Notes			2027 Notes			Total		2029 Notes			2027 Notes			Total		2027 Notes
	(in thousands)
Contractual interest expense	$	16,819		$	13,750		$	30,569	$	15,557		$	13,750		$	29,307	$	11,153
Amortization of debt discount and issuance costs		1,869			1,699			3,568		1,682			1,654			3,336		15,649
Total interest and amortization expense	$	18,688		$	15,449		$	34,137	$	17,239		$	15,404		$	32,643	$	26,802
Effective interest rate		2.6	%		2.8	%				2.6	%		2.8	%				8.8	%

Schedule of Future Minimum Payments

Future minimum payments under the Notes as of December 31, 2022, are as follows:

	2029 Notes			2027 Notes			Total
	(in thousands)
Year ending December 31:
2023	$	16,819		$	13,750		$	30,569
2024		16,819			13,750			30,569
2025		16,819			13,750			30,569
2026		16,819			13,750			30,569
2027		16,819			556,875			573,694
Thereafter		772,728			—			772,728
Total future payments		856,823			611,875			1,468,698
Less amounts representing interest		(109,323	)		(61,875	)		(171,198	)
Total principal amount	$	747,500		$	550,000		$	1,297,500