DEBT (Tables)

9 Months Ended

Sep. 30, 2023

The following table provides information regarding the Company’s debt:


	September 30, 2023		December 31, 2022

	(In thousands)
Convertible notes
Notes due 2028	$	575,000	$	575,000

Less: unamortized debt issuance costs	(5,735)		(6,705)
Carrying amount of Notes due 2028	569,265		568,295

Notes due 2026	632,500		632,500

Less: unamortized debt issuance costs	(4,818)		(6,307)
Carrying amount of Notes due 2026	627,682		626,193

Notes due 2025	102,175		102,175
Less: unamortized debt discount	(6,819)		(10,229)
Less: unamortized debt issuance costs	(691)		(1,054)
Carrying amount of Notes due 2025	94,665		90,892





Notes due 2023	—		5,000
Less: unamortized issuance costs	—		(23)
Carrying amount of Notes due 2023	—		4,977




Total carrying amount of debt	1,291,612		1,290,357

Less: debt, current	(94,665)		(90,892)
Debt, non-current	$	1,196,947	$	1,199,465

The following table presents the total amount of interest cost recognized in the condensed consolidated statement of operations relating to the Notes:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022

	(In thousands)



Notes due 2028
Amortization of debt issuance costs	$	327	$	327	$	970	$	969
Total interest cost recognized	$	327	$	327	$	970	$	969

Notes due 2026
Amortization of debt issuance costs	$	502	$	502	$	1,489	$	1,489
Total interest cost recognized	$	502	$	502	$	1,489	$	1,489

Notes due 2025
Contractual interest expense	$	64	$	64	$	192	$	192
Amortization of debt discount	1,161		1,103		3,410		3,239
Amortization of debt issuance costs	122		122		363		363
Total interest cost recognized	$	1,347	$	1,289	$	3,965	$	3,794

Notes due 2023
Contractual interest expense	$	17	$	50	$	117	$	150
Amortization of debt issuance costs	3		10		23		30
Total interest costs recognized	$	20	$	60	$	140	$	180