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Convertible Senior Notes (Tables)
3 Months Ended
Mar. 31, 2025
Debt Instrument [Line Items]  
Carrying Value of Convertible Senior Notes

The carrying value of the Company's Convertible Senior Notes is as follows:

 

 

 

 

 

 

 

 

 

March 31,
2025

 

 

December 31,
2024

 

 

 

(Amounts in thousands)

 

1.00% Convertible Senior Notes due 2028:

 

 

 

 

 

 

Principal amount

 

$

600,000

 

 

$

600,000

 

Unamortized debt discount

 

 

(64,087

)

 

 

(67,712

)

Unamortized debt issuance costs

 

 

(6,308

)

 

 

(6,721

)

Carrying amount - Convertible Senior Notes due 2028, net

 

$

529,605

 

 

$

525,567

 

2023 Notes  
Debt Instrument [Line Items]  
Schedule of convertible note interest expense

The following table sets forth total interest expense recognized related to the 2023 Notes for the three months ended March 31, 2025:

 

 

Three Months Ended
March 31,

 

 

 

2025

 

 

2024

 

 

 

(Amounts in thousands, except percentage data)

 

Contractual interest expense – 2023 Notes

 

$

1,500

 

 

$

1,500

 

Amortization of debt discount – 2023 Notes

 

 

3,626

 

 

 

3,326

 

Amortization of debt issuance costs – 2023 Notes

 

 

413

 

 

 

371

 

Total

 

$

5,539

 

 

$

5,197

 

Effective interest rate of the liability component

 

 

4.39

%

 

 

4.39

%

2019 Notes  
Debt Instrument [Line Items]  
Schedule of convertible note interest expense

The following table sets forth total interest expense recognized related to the 2019 Notes:

.

 

Three Months Ended
March 31,

 

 

 

2024

 

(Amounts in thousands, except percentage data)

 

 

 

Contractual interest expense – 2019 Notes

 

$

65

 

Amortization of debt issuance costs – 2019 Notes

 

 

112

 

Total

 

$

177

 

Effective interest rate of the liability component

 

 

1.00

%