Borrowings (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Summary of Carrying Amount of Borrowings

Carrying amount of the Company's borrowings consisted of the following (in thousands):

	June 30, 2024		December 31, 2023
Senior convertible notes	$	227,577	$	226,851
MidCap credit facility		—		33,019
Mann Group convertible note		—		8,829
Total debt – net carrying amount	$	227,577	$	268,699

Schedule of Line of Credit Facility Debt and Key Terms

The following table provides a summary of the Company’s principal balance of debt and key terms:

	Amount Due			Terms
	June 30, 2024		December 31, 2023	Annual Interest    Rate	Maturity Date	Conversion Price
Senior convertible notes	$230.0 million		$230.0 million	2.50%	March 2026	$5.21  per share
MidCap credit facility(1)	$	—	$33.3 million	one-month SOFR (1% floor) plus 6.25%; cap of 8.25%	August 2025	N/A
Mann Group convertible note(2)	$	—	$8.8 million	2.50%	December 2025	$2.50 per share

_________________________

(1)Repaid on April 1, 2024.

(2)Repaid on April 2, 2024.

Schedule of Maturities of Company's Borrowings

The maturities of the Company’s borrowings as of June 30, 2024 are as follows (in thousands):

	Amounts
Remainder of 2024	$	—
2025		—
2026		230,000
Total principal payments		230,000
Debt issuance costs		(2,423	)
Total debt	$	227,577

Schedule of Amortization of Premium and Accretion of Debt Issuance Costs

Amortization of the premium and accretion of debt issuance costs related to all borrowings were as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Amortization of debt discount and prepayment fee	$	—	$	108	$	85	$	214
Amortization of debt issuance cost		363		363		726		727