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Debt (Tables)
12 Months Ended
Dec. 31, 2023
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, 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 information about the net carrying amounts of long-term debt as of December 31, 2022:

(in thousands)
 
2024 Notes
   
2026 Notes
   
2027 Notes
   
Total
 
Principal amount of notes outstanding
 
$
13,750
   
$
120,000
   
$
265,000
   
$
398,750
 
Unamortized debt issuance cost
   
(257
)
   
(2,511
)
   
(6,790
)
   
(9,558
)
Total notes payable
 
$
13,493
   
$
117,489
   
$
258,210
   
$
389,192
 
Summary of Equity and Liability Components of the Notes

The following table summarizes interest expense recognized on the 2024 Notes and Senior Notes:

   
Year Ended December 31,
 
(in thousands)
 
2023
   
2022
   
2021
 
Contractual interest expense
 
$
7,627
   
$
8,036
   
$
9,420
 
Accretion of debt in interest expense
   
2,205
     
1,997
     
8,726
 
Total interest expense
 
$
9,832
   
$
10,033
   
$
18,146
 
Schedule of Maturities of Long-term Debt

The following table summarizes the future principal payments for the Senior Notes as of December 31, 2023 (in thousands):

2024
 
$
 
2025
   
 
2026
   
120,000
 
2027
   
265,000
 
2028
   
 
Thereafter
   
 
Total
 
$
385,000