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v3.25.1

DEBT (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Debt | The following table provides information regarding the Company’s debt:
| March 31, 2025 |  | December 31, 2024
| (In thousands)
Convertible notes |  |  |
Notes due 2028 | $ | 575,000 |  |  | $ | 575,000 |
Less: unamortized debt issuance costs | (3,786) |  |  | (4,102) |
Carrying amount of Notes due 2028 | 571,214 |  |  | 570,898 |
Notes due 2026 | 632,500 |  |  | 632,500 |
Less: unamortized debt issuance costs | (1,823) |  |  | (2,309) |
Carrying amount of Notes due 2026 | 630,677 |  |  | 630,191 |
Notes due 2025 | — |  |  | 102,168 |
Less: unamortized debt discount | — |  |  | (803) |
Less: unamortized debt issuance costs | — |  |  | (74) |
Carrying amount of Notes due 2025 | — |  |  | 101,291 |
Total carrying amount of debt | 1,201,891 |  |  | 1,302,380 |
Less: debt, current | (630,677) |  |  | (101,291) |
Debt, non-current | $ | 571,214 |  |  | $ | 1,201,089 |
The following table presents the total amount of interest cost recognized in the consolidated statement of operations relating to the Company’s notes:
| Three Months Ended March 31,
| 2025 |  | 2024
| Notes due 2028 |  | Notes due 2026 |  | Notes due 2025 |  |  |  | Notes due 2028 |  | Notes due 2026 |  | Notes due 2025 |  |
| (In thousands)
Contractual interest expense | $ | — |  |  | $ | — |  |  | $ | 43 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 64 |  |  |
Amortization of debt discount | — |  |  | — |  |  | 803 |  |  |  |  | — |  |  | — |  |  | 1,177 |  |  |
Amortization of debt issuance costs | 316 |  |  | 485 |  |  | 75 |  |  |  |  | 326 |  |  | 503 |  |  | 126 |  |  |
Total interest cost recognized | $ | 316 |  |  | $ | 485 |  |  | $ | 921 |  |  |  |  | $ | 326 |  |  | $ | 503 |  |  | $ | 1,367 |  |  |

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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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