Debt (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of Long-term Debt

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

	September 30, 2024		December 31, 2023
4.625% Senior Notes	$	460,038	$	460,038
1.75% Convertible Notes	149,109		550,000
3.625% Convertible Notes	263,147		—
Total Notes	872,294		1,010,038
Credit Agreement	—		—
Less: Unamortized discount	(6,015)		(2,463)
Deferred issuance costs (1)	(2,538)		(6,263)
Total long-term debt	$	863,741	$	1,001,312

(1)Includes $0.7 million and $0.8 million of carrying amount of deferred issuance costs on the 4.625% Senior Notes as of September 30, 2024 and December 31, 2023, respectively, $1.0 million and $5.5 million of carrying amount of deferred issuance costs on the 1.75% Convertible Notes as of September 30, 2024 and December 31, 2023, respectively, and $0.8 million of carrying amount of deferred issuance costs on the 3.625% Convertible Notes as of September 30, 2024.

Schedule of Debt

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

	Three months ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
Contractual interest expense	$	964	$	2,746	$	5,777	$	14,963
Amortization of discount and deferred issuance costs	185		466		1,128		1,395
Total interest expense related to 1.75% Convertible Notes	$	1,149	$	3,212	$	6,905	$	16,358

The following table provides the components of interest expense related to the 3.625% Convertible Notes (in thousands):

	Three months ended
	September 30, 2024
Coupon interest expense	$	1,987
Amortization of discount and debt issuance costs	258
Total interest expense related to 3.625% Convertible Notes	$	2,245