Debt (Tables)

9 Months Ended

Sep. 30, 2024

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 September 30, 2024:

(in thousands)	2026 Notes		2027 Notes		Credit Facility		Total
Principal amount of notes outstanding	$	120,000	$	265,000	$	90,000	$	475,000
Unamortized debt issuance cost	(1,251)		(4,551)		(1,164)		(6,966)
Unamortized discount	—		—		(1,299)		(1,299)
Total notes payable	$	118,749	$	260,449	$	87,537	$	466,735

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

Summary of Equity and Liability Components of the Notes

The following table summarizes interest expense recognized on the long-term debt:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2024		2023		2024		2023
Contractual interest expense	$	3,963	$	2,554	$	7,676	$	6,016
Amortization of debt issuance costs	623		541		1,647		1,594
Amortization of discount	108		—		108		—
Total interest expense	$	4,694	$	3,095	$	9,431	$	7,610

Schedule of Maturities of Long-term Debt

The following table summarizes the future principal payments as of September 30, 2024:

(in thousands)
2024, remaining	$	—
2025	—
2026	120,000
2027	355,000
2028	—
Thereafter	—
Total	$	475,000