Long-term Debt (Tables)

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Summary of Outstanding Principal Amount and Carrying Value

The following table presents the outstanding principal amount and carrying value of the 2021 Notes as of the dates indicated (in thousands):

	March 31, 2025							December 31, 2024
	Principal Amount		Unamortized debt issuance costs			Net Carrying Amount		Principal Amount		Unamortized debt issuance costs			Net Carrying Amount
2021 Notes		287,498		(3,593	)		283,905		287,500		(4,007	)		283,493

Schedule of Notes

Further details of the 2021 Notes are as follows:

Issuance	Maturity Date	Interest Rate	First Interest Payment Date	Effective Interest Rate	Semi-Annual Interest Payment Dates	Initial Conversion Rate per $1,000 Principal	Initial Conversion Price		Number of Shares (in millions)
2021 Notes	May 15, 2027	1.125%	May 15, 2022	1.72%	May 15; November 15	9.0061	$	111.04	2.6

Schedule of Interest Expense

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

	Three Months Ended March 31,
	2025		2024
	2021 Notes		2021 Notes
Amortization of debt issuance costs		414		407
Cash interest expense		809		809
Total interest expense	$	1,223	$	1,216

Accrued interest related to the 2021 Notes as of March 31, 2025 and December 31, 2024 was $1.2 million and $0.4 million, respectively. We record accrued interest in accrued liabilities in our consolidated balance sheet.