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Convertible Senior Notes (Tables)
12 Months Ended
Dec. 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:

 

 

December 31,
2025

 

 

December 31,
2024

 

 

 

(Amounts in thousands)

 

1.00% Convertible Senior Notes due 2028:

 

 

 

 

 

 

Principal amount

 

$

600,000

 

 

$

600,000

 

Unamortized debt discount

 

 

(52,726

)

 

 

(67,712

)

Unamortized debt issuance costs

 

 

(5,061

)

 

 

(6,721

)

Carrying amount - Convertible Senior Notes due 2028, net

 

$

542,213

 

 

$

525,567

 

Schedule of convertiable note interest expense

The following table sets forth total interest expense recognized related to the 2019 and 2023 Notes for the years ended December 31, 2025, 2024 and 2023:

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

 

 

(Amounts in thousands)

 

Contractual interest expense - 2023 Notes

 

$

6,000

 

 

$

6,000

 

 

$

283

 

Amortization of debt discount - 2023 Notes

 

 

14,986

 

 

 

13,745

 

 

 

620

 

Amortization of debt issuance costs - 2023 Notes

 

 

1,660

 

 

 

1,636

 

 

 

6,324

 

Contractual interest expense - 2019 Notes

 

 

 

 

 

141

 

 

 

1,030

 

Amortization of debt issuance costs - 2019 Notes

 

 

 

 

 

243

 

 

 

1,752

 

Total

 

$

22,646

 

 

$

21,765

 

 

$

10,009