Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Summary of Long-term Debt Instruments

Further details of the 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)
2025 Notes	May 1, 2025	2.25%	November 1, 2020	2.88%	May 1 and November 1	16.3875	$	61.02	0.8
2027 Notes	March 15, 2027	0.25%	September 15, 2021	0.67%	March 15 and September 15	9.6734	$	103.38	5.8
2029 Notes	March 15, 2029	1.25%	March 15, 2024	1.69%	March 15 and September 15	15.4213	$	64.85	4.6

Summary of Liability and Equity Components of Convertible Debt

The net carrying amount of the Notes as of December 31, 2024 and December 31, 2023 was as follows (in thousands):

	2025 Notes						2027 Notes						2029 Notes
	Principal		Unamortized debt issuance costs		Total		Principal		Unamortized debt issuance costs		Total		Principal		Unamortized debt issuance costs		Total
Balance at December 31, 2023	$	45,992	$	(404)	$	45,588	$	600,000	$	(8,077)	$	591,923	$	300,000	$	(7,515)	$	292,485
Amortization of debt issuance costs	—		307		307		—		2,513		2,513		—		1,435		1,435
Balance at December 31, 2024	$	45,992	$	(97)	$	45,895	$	600,000	$	(5,564)	$	594,436	$	300,000	$	(6,080)	$	293,920

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

	Year Ended December 31,
	2024								2023								2022
	2025 Notes		2027 Notes		2029 Notes		Total		2025 Notes		2027 Notes		2029 Notes		Total			2025 Notes		2027 Notes		Total
Contractual interest expense	$	1,035	$	1,500	$	3,749	$	6,284	$	3,795	$	1,500	$	1,167	$	6,462		$	5,174	$	1,502	$	6,676
Amortization of debt issuance costs	307		2,513		1,435		4,255		1,066		2,487		394		3,947			1,425		2,468		3,893
Induced conversion expense	—		—		—		—		53,889		—		—		53,889			—		—		—
Total interest expense	$	1,342	$	4,013	$	5,184	$	10,539	$	58,750	$	3,987	$	1,561	$	64,298		$	6,599	$	3,970	$	10,569

Summary of Other Key Terms and Premiums Paid for the Capped Calls Related to Each Series of Notes

The following table sets forth other key terms and premiums paid for the Capped Calls related to each series of Notes:

	Capped Calls Entered into in Connection with the Issuance of the 2025 Notes		Capped Calls Entered into in Connection with the Issuance of the 2027 Notes		Capped Calls Entered into in Connection with the Issuance of the 2029 Notes
Initial strike price, subject to certain adjustments	$	61.02	$	103.38	$	64.85
Cap price, subject to certain adjustments	$	93.88	$	159.04	$	97.88
Total premium paid (in thousands)	$	27,255	$	76,020	$	36,570
Expiration dates	March 4, 2025 - April 29, 2025		January 1, 2027 - March 11, 2027		February 13, 2029 - March 13, 2029