Debt (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The following table summarizes information about the net carrying amounts of long-term debt as of December 31, 2023:

(in thousands)	2026 Notes		2027 Notes		Total
Principal amount of notes outstanding	$	120,000	$	265,000	$	385,000
Unamortized debt issuance cost	(1,811)		(5,542)		(7,353)
Total notes payable	$	118,189	$	259,458	$	377,647

The following table summarizes information about the net carrying amounts of long-term debt as of December 31, 2022:

(in thousands)	2024 Notes		2026 Notes		2027 Notes		Total
Principal amount of notes outstanding	$	13,750	$	120,000	$	265,000	$	398,750
Unamortized debt issuance cost	(257)		(2,511)		(6,790)		(9,558)
Total notes payable	$	13,493	$	117,489	$	258,210	$	389,192

Summary of Equity and Liability Components of the Notes

The following table summarizes interest expense recognized on the 2024 Notes and Senior Notes:

	Year Ended December 31,
(in thousands)	2023		2022		2021
Contractual interest expense	$	7,627	$	8,036	$	9,420
Accretion of debt in interest expense	2,205		1,997		8,726
Total interest expense	$	9,832	$	10,033	$	18,146

Schedule of Maturities of Long-term Debt

The following table summarizes the future principal payments for the Senior Notes as of December 31, 2023 (in thousands):

2024	$	—
2025	—
2026	120,000
2027	265,000
2028	—
Thereafter	—
Total	$	385,000