OTHER INCOME (LOSS), NET

9 Months Ended

Sep. 30, 2024

Other Income and Expenses [Abstract]

OTHER INCOME (LOSS), NET

12. OTHER INCOME (LOSS), NET

The following table summarizes other income (loss), net for each of the periods indicated:

		For the Three Months Ended September 30,						For the Nine Months Ended September 30,
		2024			2023			2024			2023
	(in thousands)
Accretion of investment discount, net		$	10,749		$	12,984		$	34,319		$	35,809
Interest income			7,584			9,838			22,753			27,532
Interest expense			(4,918	)		(5,229	)		(13,916	)		(16,776	)
Change in fair value of derivatives*			1,535			(2,000	)		(8,565	)		(1,200	)
Impairment of strategic investments			—			(27,500	)		—			(27,821	)
Other, net			(3,140	)		(425	)		(1,960	)		(235	)
Other income (expense), net		$	11,810		$	(12,332	)	$	32,631		$	17,309
Gain from sale of Priority Review Voucher			—			—			—			102,000
Loss on debt extinguishment			—			—			—			(387,329	)
Total other income (loss), net		$	11,810		$	(12,332	)	$	32,631		$	(268,020	)

*Related to the change in fair value of the contingent consideration derivative liabilities and the 2017 Capped Calls derivative assets. For more information, please read Note 4, Fair Value Measurements and Note 10, Indebtedness.