Debt Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Schedule of Outstanding Principal Amount and Carrying Value of Notes

The following table presents the outstanding principal amount and carrying value of the 2027 Notes as of the dates indicated (in thousands):

	September 30,			December 31,
	2023			2022
Principal	$	287,500			287,500
Unamortized debt discount		(5,750	)		(7,044	)
Unamortized debt issuance costs		(445	)		(547	)
Net carrying value	$	281,305			279,909

Schedule of Interest Expense Related to Notes

Interest expense related to the 2027 Notes for the periods presented below was as follows (in thousands):

	Three Months Ended September 30,		Three Months Ended September 30,		Nine Months Ended September 30,		Nine Months Ended September 30,
	2023		2022		2023		2022
Coupon interest	$	718	$	719	$	2,156	$	1,887
Amortization of debt discount		432		432		1,294		1,151
Amortization of transaction costs		34		37		102		99
Total interest expense	$	1,184	$	1,188	$	3,552	$	3,137

Schedule of Carrying Value and Estimated Fair Value of Notes

The following table presents the carrying value and estimated fair value of the 2027 Notes as of the date indicated (in thousands):

	September 30, 2023				December 31, 2022
	Carrying Value		Fair Value		Carrying Value		Fair Value
2027 Notes(1)	$	281,305	$	266,487	$	279,909	$	257,671

(1) At December 31, 2022, the fair value is estimated using a discounted cash flow analysis, using interest rate that we believe are offered for similar borrowings (a Level 3 measurement). As of September 30, 2023, the fair value of the 2027 Notes was measured using Level 2 inputs based on the frequency of trading on our debt at the end of the quarter.

Schedule of Restructuring Related Employee Termination Benefits

The following table shows the total amount incurred and the liability, which was recorded in accrued expenses in the Condensed Consolidated Balance Sheets, for restructuring-related employee termination benefits as of December 31, 2022 and September 30, 2023 (in thousands):

	Employee Termination Benefits
Accrued restructuring costs as of December 31, 2022	$	1,549
Restructuring costs incurred during the nine months ended September 30, 2023		738
Amount paid during the period ended September 30, 2023		(2,228	)
Accrued restructuring costs as of September 30, 2023	$	59

Schedule of Total Restructuring Costs

The following table shows the total restructuring costs incurred during the three and nine months ended September 30, 2023 and 2022 (in thousands):

	Three Months Ended September 30,				For the Nine Months Ended September 30,
	2023		2022		2023		2022
Sales and marketing	$	-	$	-	$	224	$	-
Operations and support		-		-		230		-
Product development		-		-		117		-
General and administrative		-		-		167		-
Total restructure charge	$	-	$	-	$	738	$	-