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Convertible Senior Notes (Tables)
6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Carrying Value of Convertible Senior Notes

The net carrying value of the liability component of the 2019 Notes is as follows:

 

 

 

 

 

 

 

 

 

 

June 30,
2023

 

 

December 31,
2022

 

 

 

(Amounts in thousands)

 

0.375% Convertible Senior Notes due 2024:

 

 

 

 

 

 

Principal amount

 

$

287,461

 

 

$

287,470

 

Unamortized debt issuance costs

 

 

(1,940

)

 

 

(2,855

)

Net carrying amount

 

$

285,521

 

 

$

284,615

 

Schedule of convertiable note interest expense

The following table sets forth total interest expense recognized related to the 2019 Notes:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

 

(Amounts in thousands)

 

Contractual interest expense

 

$

269

 

 

$

269

 

 

$

539

 

 

$

539

 

Amortization of debt issuance costs

 

 

457

 

 

 

453

 

 

 

914

 

 

 

905

 

Total

 

$

726

 

 

$

722

 

 

$

1,453

 

 

$

1,444

 

Effective interest rate of the liability component

 

 

1

%

 

 

1

%

 

 

1

%

 

 

1

%