Debt (Tables)

6 Months Ended

Jun. 30, 2025

Debt Disclosure [Abstract]

Schedule of Net Carrying Amounts of Long-term Debt Instruments

The following table summarizes information about the net carrying amounts of long-term debt as of June 30, 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	(113)		(3,511)		(3,528)		(7,152)
Total notes payable	$	19,887	$	261,489	$	111,472	$	392,848

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

Schedule of Interest Expense Recognized on the Long-Term Debt

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

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2025		2024		2025		2024
Contractual interest expense	$	1,428	$	1,856	$	3,488	$	3,712
Amortization of debt issuance costs	578		517		1,132		1,025
Amortization of discount	—		—		35		—
Total interest expense	$	2,006	$	2,373	$	4,655	$	4,737

Schedule of Maturities of Long-term Debt

The following table summarizes the future principal payments as of June 30, 2025:

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