Debt

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Debt

Debt

The following table summarizes information about the net carrying amounts of long-term debt as of June 30, 2024:

(in thousands)	2026 Notes		2027 Notes		Total
Principal amount of notes outstanding	$	120,000	$	265,000	$	385,000
Unamortized debt issuance cost	(1,441)		(4,887)		(6,328)
Total notes payable	$	118,559	$	260,113	$	378,672

The following table summarizes information about the net carrying amounts of long-term debt as of December 31, 2023:

(in thousands)	2026 Notes		2027 Notes		Total
Principal amount of notes outstanding	$	120,000	$	265,000	$	385,000
Unamortized debt issuance cost	(1,811)		(5,542)		(7,353)
Total notes payable	$	118,189	$	259,458	$	377,647

The following table summarizes interest expense recognized on the long-term debt:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2024		2023		2024		2023
Contractual interest expense	$	1,856	$	2,011	$	3,712	$	4,005
Accretion of debt in interest expense	517		531		1,025		1,053
Total interest expense	$	2,373	$	2,542	$	4,737	$	5,058

The following table summarizes the future principal payments as of June 30, 2024:

(in thousands)
2024, remaining	$	—
2025	—
2026	120,000
2027	265,000
2028	—
Thereafter	—
Total	$	385,000