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DEBT (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Summary of Debt | The following table provides information regarding the Company’s debt:
| September 30, 2024 |  | December 31, 2023
| (In thousands)
Convertible notes |  |  |
Notes due 2028 | $ | 575,000 |  |  | $ | 575,000 |
Less: unamortized debt issuance costs | (4,429) |  |  | (5,408) |
Carrying amount of Notes due 2028 | 570,571 |  |  | 569,592 |
Notes due 2026 | 632,500 |  |  | 632,500 |
Less: unamortized debt issuance costs | (2,810) |  |  | (4,317) |
Carrying amount of Notes due 2026 | 629,690 |  |  | 628,183 |
Notes due 2025 | 102,168 |  |  | 102,175 |
Less: unamortized debt discount | (2,040) |  |  | (5,644) |
Less: unamortized debt issuance costs | (197) |  |  | (568) |
Carrying amount of Notes due 2025 | 99,931 |  |  | 95,963 |
Total carrying amount of debt | 1,300,192 |  |  | 1,293,738 |
Less: debt, current | (99,931) |  |  | — |
Debt, non-current | $ | 1,200,261 |  |  | $ | 1,293,738 |
The following tables present the total amount of interest cost recognized in the condensed consolidated statement of operations relating to the Notes:
| Three Months Ended September 30, |  |
| 2024 |  | 2023 |  |
| Notes due 2028 |  | Notes due 2026 |  | Notes due 2025 |  | Convertible Senior Notes due 2023 (the “Notes due 2023”) |  | Notes due 2028 |  | Notes due 2026 |  | Notes due 2025 |  | Notes due 2023 |  |
| (In thousands)
Contractual interest expense | $ | — |  |  | $ | — |  |  | $ | 64 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 64 |  |  | $ | 17 |  |  |
Amortization of debt discount | — |  |  | — |  |  | 1,222 |  |  | — |  |  | — |  |  | — |  |  | 1,161 |  |  | — |  |  |
Amortization of debt issuance costs | 327 |  |  | 502 |  |  | 122 |  |  | — |  |  | 327 |  |  | 502 |  |  | 122 |  |  | 3 |  |  |
Total interest cost recognized | $ | 327 |  |  | $ | 502 |  |  | $ | 1,408 |  |  | $ | — |  |  | $ | 327 |  |  | $ | 502 |  |  | $ | 1,347 |  |  | $ | 20 |  |  |
| Nine Months Ended September 30,
| 2024 |  | 2023
| Notes due 2028 |  | Notes due 2026 |  | Notes due 2025 |  | Notes due 2023 |  | Notes due 2028 |  | Notes due 2026 |  | Notes due 2025 |  | Notes due 2023
| (In thousands)
Contractual interest expense | $ | — |  |  | $ | — |  |  | $ | 192 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 192 |  |  | $ | 117 |
Amortization of debt discount | — |  |  | — |  |  | 3,604 |  |  | — |  |  | — |  |  | — |  |  | 3,410 |  |  | — |
Amortization of debt issuance costs | 979 |  |  | 1,507 |  |  | 371 |  |  | — |  |  | 970 |  |  | 1,489 |  |  | 363 |  |  | 23 |
Total interest cost recognized | $ | 979 |  |  | $ | 1,507 |  |  | $ | 4,167 |  |  | $ | — |  |  | $ | 970 |  |  | $ | 1,489 |  |  | $ | 3,965 |  |  | $ | 140 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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