Debt (Tables)

9 Months Ended

Sep. 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 September 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	(80)		(3,153)		(3,334)		(6,567)
Total notes payable	$	19,920	$	261,847	$	111,666	$	393,433

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 September 30,				Nine Months Ended September 30,
(in thousands)	2025		2024		2025		2024
Contractual interest expense	$	1,431	$	3,963	$	4,919	$	7,676
Amortization of debt issuance costs	585		623		1,716		1,647
Amortization of discount	—		108		35		108
Total interest expense	$	2,016	$	4,694	$	6,670	$	9,431

Schedule of Maturities of Long-term Debt

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

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