v3.24.3
Debt (Tables)
 9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Convertible Notes
The following table presents details of the Company's convertible senior notes outstanding as of September 30, 2024, which are further discussed below (principal in thousands):
Date Issued
Maturity Date (1)
Principal
Interest Rate per Annum
Conversion Rate for Each $1,000 Principal (2)
Initial Conversion Price per Share
2026 Notes
June 1, 2019
June 1, 2026
$303,995 0.75 %$11.2851 $88.61 
2025 NotesNovember 15, 2020November 15, 2025$191,000 0.125 %$7.1355 $140.14 
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(1) Unless earlier converted or repurchased in accordance with their terms prior to such date
(2) Subject to adjustment upon the occurrence of certain specified events
The Notes consist of the following:
As of September 30, 2024As of December 31, 2023
2026 Notes2025 Notes2026 Notes2025 Notes
Principal$303,995 $191,000 $303,995 $191,000 
Unamortized debt issuance costs(2,193)(851)(3,133)(1,398)
Net carrying amount$301,802 $190,149 $300,862 $189,602 
Schedule of Interest Expense
The following table sets forth expenses related to the Notes and Revolving Credit Agreement:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Contractual interest expense$696 $630 $1,955 $1,963 
Amortization of debt issuance costs526 495 1,517 1,608 
Total$1,222 $1,125 $3,472 $3,571