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Debt (Tables)
12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instrument Components
The following table sets forth the net carrying amounts of the 2027 Notes as of December 31, 2023 and 2022:
As of December 31,
20232022
(in thousands)
Principal$1,150,000 $1,150,000 
Less: debt issuance costs, net of amortization(10,034)(12,609)
Net carrying amount$1,139,966 $1,137,391 
Schedule of Interest Expense
The following table sets forth interest expense recognized and effective interest rate represented related to the 2027 Notes:
For the Year Ended December 31,
202320222021
(in thousands)
Amortization of debt issuance costs$2,575 $2,569 $2,564 
Total interest expense recognized$2,575 $2,569 $2,564 
Effective interest rate0.2 %0.2 %0.2 %