Debt (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-term debt consists of the following (in thousands):

	June 30, 2023		December 31, 2022
4.625% Senior Notes	$	460,038	$	460,038
1.75% Convertible Notes	550,000		550,000
Total Notes	1,010,038		1,010,038
Credit Agreement	—		—
Less: Unamortized discount	(2,615)		(2,764)
Deferred issuance costs	(7,245)		(8,221)
Total long-term debt	$	1,000,178	$	999,053

Schedule of Debt Repurchases

Repurchases of 4.625% Senior Notes on the open market were as follows (in thousands):

	Three months ended June 30, 2022		Six months ended June 30, 2022
Principal repurchased	$	21,494	$	76,103
Aggregate purchase price	$	18,245	$	73,610
Gain on repurchase (1)	$	3,069	$	1,849

(1)Presented within ‘Gain (loss) on debt extinguishment, net” on the Condensed Consolidated Statements of Operations.

Schedule of Debt

The following table provides additional information related to the 1.75% Convertible Notes (in thousands):

	June 30, 2023		December 31, 2022
Principal amount of 1.75% Convertible Notes	$	550,000	$	550,000
Less: Carrying amount of debt issuance costs	(6,418)		(7,347)
Net carrying amount of 1.75% Convertible Notes	$	543,582	$	542,653

The following table provides the components of interest expense related to the 1.75% Convertible Notes (in thousands):

	Three months ended June 30,				Six months ended June 30,
	2023		2022		2023		2022
Contractual interest expense	$	9,810	$	2,557	$	12,216	$	4,963
Amortization of debt issuance costs	463		451		929		944
Total interest expense related to 1.75% Convertible Notes	$	10,273	$	3,008	$	13,145	$	5,907