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Convertible Notes, Net (Tables)
 6 Months Ended
Jun. 30, 2024
Debt Instruments [Abstract]  
Summary of Convertible Debt
As of June 30, 2024, the following convertible senior notes, or Convertible Notes, were outstanding ($ in thousands):

Convertible Notes IssuanceFace ValueInterest Rate
All-in Cost(1)
Conversion Price(2)
Maturity
March 2022 convertible notes$300,000 5.50%5.94%$36.27March 15, 2027
(1)Includes issuance costs that are amortized through interest expense over the life of the Convertible Notes using the effective interest method.
(2)Represents the price of class A common stock per share based on a conversion rate of 27.5702 for the Convertible Notes. The conversion rate represents the number of shares of class A common stock issuable per $1,000 principal amount of Convertible Notes. The cumulative dividend threshold has not been exceeded as of June 30, 2024.
The following table details the net book value of our Convertible Notes on our consolidated balance sheets ($ in thousands):
 June 30, 2024December 31, 2023
Face value$300,000 $300,000 
Deferred financing costs and unamortized discount(3,514)(4,153)
Net book value$296,486 $295,847 
The following table details our interest expense related to the Convertible Notes ($ in thousands):
 Three Months Ended June 30,Six Months Ended June 30,
 2024202320242023
Cash coupon$4,125 $4,125 $8,250 $10,389 
Discount and issuance cost amortization319 319 639 950 
Total interest expense$4,444 $4,444 $8,889 $11,339