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Convertible Senior Notes (Tables) - 3.75% Convertible Senior Notes
12 Months Ended
Dec. 31, 2023
Debt Instrument [Line Items]  
Schedule of net proceeds from the Convertible Senior Notes

Principal amount

$

212,463

Less: initial purchasers' discount

(6,374)

Less: cost of related capped calls

(16,253)

Less: other issuance costs

(617)

Net proceeds

$

189,219

Schedule of Convertible Senior Notes

The 3.75% Convertible Senior Notes consisted of the following (in thousands):

December 31,

December 31,

2023

2022

Principal amounts:

Principal

$

197,278

$

197,278

Unamortized debt issuance costs (1)

(2,014)

(3,359)

Net carrying amount

$

195,264

$

193,919

1)Included in the consolidated balance sheets within the 3.75% Convertible Senior Notes, net and amortized over the remaining life of the notes using the effective interest rate method.

Schedule of debt

The following table summarizes the total interest expense and effective interest rate related to the 3.75% Convertible Senior Notes (in thousands, except for effective interest rate):

December 31,

December 31,

    

2023

    

2022

Interest expense

$

7,546

$

7,398

Amortization of debt issuance costs

1,345

1,286

Total

8,891

8,684

Effective interest rate

4.6%

4.5%