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Convertible Senior Notes (Tables)
6 Months Ended
Jun. 30, 2025
Debt Instrument [Line Items]  
Carrying Value of Convertible Senior Notes

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

 

 

 

 

 

 

 

 

 

June 30,
2025

 

 

December 31,
2024

 

 

 

(Amounts in thousands)

 

1.00% Convertible Senior Notes due 2028:

 

 

 

 

 

 

Principal amount

 

$

600,000

 

 

$

600,000

 

Unamortized debt discount

 

 

(60,381

)

 

 

(67,712

)

Unamortized debt issuance costs

 

 

(5,894

)

 

 

(6,721

)

Carrying amount - Convertible Senior Notes due 2028, net

 

$

533,725

 

 

$

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 and six months ended June 30, 2025 and 2024:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

(Amounts in thousands, except percentage data)

 

Contractual interest expense – 2023 Notes

 

$

1,500

 

 

$

1,500

 

 

$

3,000

 

 

$

3,000

 

Amortization of debt discount – 2023 Notes

 

 

3,705

 

 

 

3,398

 

 

 

7,331

 

 

 

6,724

 

Amortization of debt issuance costs – 2023 Notes

 

 

414

 

 

 

408

 

 

 

827

 

 

 

815

 

Total

 

$

5,619

 

 

$

5,306

 

 

$

11,158

 

 

$

10,539

 

Effective interest rate of the liability component

 

 

4.39

%

 

 

4.39

%

 

 

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
June 30, 2024

 

 

Six Months Ended
June 30, 2024

 

(Amounts in thousands, except percentage data)

 

 

 

 

 

 

Contractual interest expense – 2019 Notes

 

$

65

 

 

$

130

 

Amortization of debt issuance costs – 2019 Notes

 

 

112

 

 

 

224

 

Total

 

$

177

 

 

$

354

 

Effective interest rate of the liability component

 

 

1.00

%

 

 

1.00

%