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Convertible Senior Notes (Tables)
12 Months Ended
Dec. 31, 2022
Convertible Senior Notes  
Schedule of conversion price, initial conversion rate and number of shares for convertible senior notes

December 31, 2022

Initial Conversion

Maturity

Initial Conversion

Rate per

Initial Number

Date

Price per Share

$1,000 Par Value

of Shares

2027 Notes

 

December 15, 2027

    

$

228.73

    

4.3720 shares

    

3,016,680

Schedule of net carrying amount of convertible senior notes

The net carrying amount of the Notes was as follows (in thousands):

December 31, 2022

    

December 31, 2021

Principal

$

690,000

$

Unamortized debt issuance costs

(16,033)

Convertible notes carrying amount, net

$

673,967

$

Schedule of interest expense of convertible senior notes

Interest expense related to the Notes was as follows (in thousands):

December 31, 2022

    

December 31, 2021

Contractual interest expense

$

211

$

Amortization of debt issuance costs

198

Total interest expense

$

409

$

Schedule of convertible note hedge transaction

Purchase Price

Shares Purchased

2027 Note Hedge

$

194,994

3,016,680

Schedule of warrants details of convertible senior notes

Proceeds

    

Shares

Strike Price

First Expiration

2027 Warrants

$

124,269

3,016,680

$

338.86

March 15, 2028