XML 48 R34.htm IDEA: XBRL DOCUMENT v3.25.4
Convertible Senior Notes (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Net Carrying Amount of Notes
The net carrying amount of the Notes was as follows (in thousands):
December 31,
2025		December 31,
2024
2025 Notes:
Principal$— $635,448 
Unamortized debt issuance costs— (1,425)
Net carrying amount$— $634,023 
2029 Notes:
Principal$1,000,000 $1,000,000 
Unamortized debt issuance costs(16,551)(20,718)
Net carrying amount$983,449 $979,282 
Schedule of Interest Expense Related to Notes
The following table sets forth the interest expense related to the 2025 Notes and the 2029 Notes for the years ended December 31, 2025, 2024, and 2023 (in thousands):
Year Ended December 31,
202520242023
Contractual interest expense$— $926 $934 
Amortization of issuance costs5,602 3,761 3,388 
Total$5,602 $4,687 $4,322 
Schedule Of Capped Calls
The following table sets forth key terms and costs incurred for the Capped Calls related to each of the Notes (in millions, except per share amounts):

2025 Notes2029 Notes
Initial strike price per share, subject to certain adjustments$92.30 $217.60 
Initial cap price per share, subject to certain adjustments$151.40 $322.38 
Net cost incurred$89.6 $100.9 
Common stock covered, subject to anti-dilution adjustments8.1 4.6