v3.25.2
Debt (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instrument Components
The following table sets forth the net carrying amounts of the 2027 Notes and the 2031 Notes as of June 30, 2025, and December 31, 2024:
June 30,
2025		December 31,
2024
(unaudited)
(in thousands)
2027 Notes
Outstanding principal amount
$490,660 $1,150,000 
Less: unamortized debt issuance costs(2,628)(7,453)
Net carrying amount$488,032 $1,142,547 
2031 Notes
Outstanding principal amount$600,000 $— 
Add: unamortized debt premium
39,055 — 
Less: unamortized debt issuance costs(11,561)— 
Net carrying amount$627,494 $— 
Total net carrying amount
$1,115,526 $1,142,547 
Schedule of Interest Expense
The following table sets forth interest expenses recognized and effective interest rates represented related to the 2027 Notes and the 2031 Notes:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
(unaudited)
(in thousands)
Coupon interest expense
$1,916 $— $2,833 $— 
Amortization of debt premium(1,697)— (2,525)— 
Amortization of debt issuance costs764 645 1,466 1,290 
Total interest expense recognized$983 $645 $1,774 $1,290 
Effective interest rate:
2027 Notes
0.2%0.2%0.2%0.2%
2031 Notes
0.4%*0.4%*
*Not applicable