XML 59 R43.htm IDEA: XBRL DOCUMENT v3.25.0.1
DEBT (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Senior Subordinated Convertible Obligations The following table summarizes information regarding the Company’s convertible notes: 
December 31,
20242023
0.599% senior subordinated convertible notes due in August 2024 (the 2024 Notes)
$— $495,000 
Unamortized discount net of deferred offering costs— (1,123)
2024 Notes, net (1)
— 493,877 
1.250% senior subordinated convertible notes due in May 2027 (the 2027 Notes)
600,000 600,000 
Unamortized discount net of deferred offering costs(4,862)(6,905)
2027 Notes, net595,138 593,095 
Total convertible debt, net$595,138 $1,086,972 
Fair value of fixed-rate convertible debt (2):
2024 Notes$— $488,288 
2027 Notes558,894 619,260 
Total fair value of fixed-rate convertible debt$558,894 $1,107,548 
(1)The Company’s convertible notes due in 2024 matured on August 1, 2024. Substantially all holders of the 2024 Notes were repaid with cash, totaling approximately $495.0 million. No gain or loss was incurred upon the extinguishment.
(2)The fair value of the Company’s fixed-rate convertible debt is based on open market trades and is classified as Level 1 in the fair value hierarchy. See Note 1 to these Consolidated Financial Statements for additional discussion of fair value measurements.
Schedule of Interest Expense on Fixed-Rate Convertible Debt
Interest expense on the Company’s fixed-rate convertible debt consisted of the following:
Years Ended December 31,
202420232022
Coupon interest expense$9,564 $10,465 $10,465 
Accretion of discount on convertible notes2,775 3,359 3,349 
Amortization of debt issuance costs391 594 593 
Total interest expense on convertible debt$12,730 $14,418 $14,407