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Debt (Tables)
12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Convertible Debt
The following table presents details of our convertible senior notes, which are further discussed below (original principal in thousands):
Month Issued
Maturity Date
Free Convertibility Date
Redemption Date
Original Principal (including overallotment)
Initial Conversion Rate per $1,000 Principal
Initial Conversion Price
2026 Notes
August 2019August 15, 2026May 15, 2026August 21, 2023$345,000 12.4756$80.16 
2028 Notes
August 2023August 15, 2028May 15, 2028August 21, 2026$702,000 7.4690$133.89 
The net carrying amount of the Notes was as follows (in thousands):
December 31, 2023December 31, 2022
2026 Notes
2028 Notes
2026 Notes
2028 Notes
Principal$71,242 $702,000 $345,000 $— 
Unamortized issuance costs(711)(10,076)(4,743)— 
Net carrying amount$70,531 $691,924 $340,257 $— 
Interest expense related to the Notes is as follows (in thousands):
Year ended December 31,
202320222021
Contractual interest expense$5,952 $3,880 $3,881 
Amortization of debt discount
— — 8,153 
Amortization of issuance costs1,730 1,298 1,018 
Total interest expense$7,682 $5,178 $13,052