Debt (Tables)

3 Months Ended

Mar. 31, 2025

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 March 31, 2025:

(in thousands)	2026 Notes		2027 Notes		2030 Notes		Total
Principal amount of notes outstanding	$	20,000	$	265,000	$	115,000	$	400,000
Unamortized debt issuance cost	(146)		(3,863)		(3,721)		(7,730)
Total notes payable	$	19,854	$	261,137	$	111,279	$	392,270

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

Summary of Equity and Liability Components of the Notes

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

	Three Months Ended March 31,
(in thousands)	2025		2024
Contractual interest expense	$	2,060	$	1,856
Amortization of debt issuance costs	553		508
Amortization of discount	35		—
Total interest expense	$	2,648	$	2,364

Schedule of Maturities of Long-term Debt

The following table summarizes the future principal payments as of March 31, 2025:

(in thousands)
2025, remaining	$	—
2026	20,000
2027	265,000
2028	—
2029	—
Thereafter	115,000
Total	$	400,000