v3.23.1
Unsecured Convertible Senior Notes (Tables)
3 Months Ended
Mar. 31, 2023
Debt Instrument [Line Items]  
Summary of unsecured convertible senior notes outstanding

Balance as of March 31, 2023

    

2023 Notes

    

2026 Notes

    

Total

(In thousands)

Principal amount

$

95,000

$

225,030

$

320,030

Unamortized debt issuance costs

 

(446)

 

(3,821)

 

(4,267)

Total unsecured convertible senior notes, net

$

94,554

$

221,209

$

315,763

Fair value of outstanding unsecured convertible senior notes (1)

$

93,575

$

141,769

Balance as of December 31, 2022

    

2023 Notes

    

2026 Notes

    

Total

(In thousands)

Principal amount

$

95,000

$

225,030

$

320,030

Unamortized discount

 

(619)

 

(4,124)

 

(4,743)

Total unsecured convertible senior notes, net

$

94,381

$

220,906

$

315,287

Fair value of outstanding unsecured convertible senior notes (1)

$

92,031

$

118,141

(1)The fair value is classified as Level 3 due to the limited trading activity for the unsecured convertible senior notes.

Schedule of future minimum payments of debt

2023

    

$

95,000

2024

 

2025

 

2026

 

225,030

Total future minimum principal payments under the 2023 Notes and 2026 Notes

 

$

320,030

2023 Unsecured Convertible Senior Notes  
Debt Instrument [Line Items]  
Schedule of total interest expense recognized

    

Three Months Ended

March 31,

2023

    

2022

(In thousands)

Contractual interest expense

$

1,484

$

1,484

Amortization of debt issuance costs

 

173

 

161

Total

$

1,657

$

1,645

2026 Unsecured Convertible Senior Notes  
Debt Instrument [Line Items]  
Schedule of total interest expense recognized

Three Months Ended

March 31,

    

2023

    

2022

(In thousands)

Contractual interest expense

$

2,954

$

2,954

Amortization of debt issuance costs

 

304

 

285

Total

$

3,258

$

3,239