Debt (Tables)

6 Months Ended

Jun. 30, 2024

Debt

Schedule of Debt

Our debt consists of the following:

	June 30,			December 31,
(In thousands)	2024			2023
2025 Notes	$	192,500		$	192,500
2028 Notes		261,000			261,000
Total debt		453,500			453,500
Less: Unamortized debt discount and issuance costs		(6,218	)		(7,266	)
Total long-term debt, net	$	447,282		$	446,234

Aggregate Scheduled Maturities of Convertible Debt

The aggregate scheduled maturities of our convertible debt as of June 30, 2024 were as follows:

(In thousands)	June 30, 2024
Years ending December 31:
Remainder of 2024	$	—
2025		192,500
2026		—
2027		—
2028		261,000
Total	$	453,500

2025 Notes

Debt

Summary of Liability and Equity Components of Convertible Notes

Our outstanding 2025 Notes balances consisted of the following:

	June 30,			December 31,
(In thousands)	2024			2023
Principal	$	192,500		$	192,500
Debt discount and issuance costs, net		(841	)		(1,205	)
Net carrying amount	$	191,659		$	191,295

Schedule of Components of Interest Expense

The following table sets forth total interest expense recognized related to the 2025 Notes for the three and six months ended June 30, 2024 and 2023:

	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2024		2023		2024		2023
Contractual interest expense	$	1,203	$	1,203	$	2,406	$	2,406
Amortization of debt issuance costs		183		177		364		353
Total interest and amortization expense	$	1,386	$	1,380	$	2,770	$	2,759

2028 Notes

Debt

Summary of Liability and Equity Components of Convertible Notes

Our outstanding 2028 Notes balance consisted of the following:

	June 30,			December 31,
(In thousands)	2024			2023
Principal	$	261,000		$	261,000
Debt issuance costs, net		(5,377	)		(6,061	)
Net carrying amount	$	255,623		$	254,939

Schedule of Components of Interest Expense

The following table sets forth total interest expense recognized related to the 2028 Notes for the three and six months ended June 30, 2024 and 2023:

	Three months ended June 30,				Six months ended June 30,
(In thousands)	2024		2023		2024		2023
Contractual interest expense	$	1,387	$	1,387	$	2,773	$	2,773
Amortization of debt issuance costs		339		331		684		666
Total interest and amortization expense	$	1,726	$	1,718	$	3,457	$	3,439