v3.26.1
Convertible Notes (Tables)
 6 Months Ended
Jun. 30, 2026
Convertible Notes [Abstract]  
Schedule of Components of the Convertible Senior Notes The following table summarizes the material terms of the Convertible Notes:
Term2030 Notes2031 Notes
Aggregate principal amount
$155.0 million
$747.5 million
Interest rate
4.75% per annum
0.25% per annum
Interest payment datesMay 1 and November 1April 1 and October 1
Initial conversion rate
37.8896 shares of Class A common stock per $1,000 principal
17.4825 shares of Class A common stock per $1,000 principal
Initial conversion price
Approximately $26.39 per share
Approximately $57.20 per share
Maturity dateMay 1, 2030October 1, 2031
The net carrying amount of the 2030 Notes and 2031 Notes were as follows:
June 30,
2026		December 31,
2025
2030 Notes:
Principal (par value)$155.0 $155.0 
Unamortized debt financing costs(4.7)(5.2)
Net carrying amount$150.3 $149.8 
2031 Notes:
Principal (par value)$747.5 $747.5 
Unamortized debt financing costs(15.1)(16.9)
Net carrying amount$732.4 $730.6 
Schedule of Interest Expense, Debt A summary of the interest expense, discount amortization, deferred debt financing costs amortization, and capitalized interest related to the Convertible Notes for the three and six months ended June 30, 2026 is as follows:
Three Months Ended
June 30, 2026		Six Months Ended
June 30, 2026
Interest expense$2.3 $4.6 
Debt financing costs amortization1.2 2.3 
Less: capitalized interest(2.6)(3.2)
Convertible Notes interest expense, net$0.9 $3.7