Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The following table summarizes information about the net carrying amounts of long-term debt as of December 31, 2024:

(in thousands)	2026 Notes		2027 Notes		Credit Facility		Total
Principal amount of notes outstanding	$	20,000	$	265,000	$	90,000	$	375,000
Unamortized debt issuance cost	(178)		(4,210)		(1,066)		(5,454)
Unamortized discount	—		—		(1,191)		(1,191)
Total notes payable	$	19,822	$	260,790	$	87,743	$	368,355

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

Schedule of Equity and Liability Components of the Notes

The following table summarizes interest expense recognized on the Senior Notes and Credit Facility:

	Year Ended December 31,
(in thousands)	2024		2023		2022
Contractual interest expense	$	11,470	$	7,627	$	8,036
Amortization of debt issuance costs	2,216		2,205		1,997
Amortization of discount	216		—		—
Total interest expense	$	13,902	$	9,832	$	10,033

Schedule of Maturities of Long-term Debt

The following table summarizes the future principal payments as of December 31, 2024:

(in thousands)
2025	$	—
2026	20,000
2027	355,000
2028	—
2029	—
Thereafter	—
Total	$	375,000