XML 46 R34.htm IDEA: XBRL DOCUMENT
v3.25.2

DEBT (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Debt | The following table provides information regarding the Company’s debt:
| June 30, 2025 |  | December 31, 2024
| (In thousands)
Convertible notes |  |  |
Notes due 2028 | $ | 575,000 |  |  | $ | 575,000 |
Less: unamortized debt issuance costs | (3,460) |  |  | (4,102) |
Carrying amount of Notes due 2028 | 571,540 |  |  | 570,898 |
Notes due 2026 | 632,500 |  |  | 632,500 |
Less: unamortized debt issuance costs | (1,321) |  |  | (2,309) |
Carrying amount of Notes due 2026 | 631,179 |  |  | 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 | 1,202,719 |  |  | 1,302,380 |
Less: debt, current | (631,179) |  |  | (101,291) |
Debt, non-current | $ | 571,540 |  |  | $ | 1,201,089 |
The following tables present the total amount of interest cost recognized in the consolidated statement of operations relating to the Company’s notes:
| Three Months Ended June 30, |  |
| 2025 |  |  |  | 2024 |  |
| Notes due 2028 |  | Notes due 2026 |  |  |  |  |  | Notes due 2028 |  | Notes due 2026 |  | Notes due 2025 |  |  |  |
| (In thousands) |  |
Contractual interest expense | $ | — |  |  | $ | — |  |  |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 64 |  |  |  |  |
Amortization of debt discount | — |  |  | — |  |  |  |  |  |  | — |  |  | — |  |  | 1,205 |  |  |  |  |
Amortization of debt issuance costs | 327 |  |  | 502 |  |  |  |  |  |  | 326 |  |  | 502 |  |  | 123 |  |  |  |  |
Total interest cost recognized | $ | 327 |  |  | $ | 502 |  |  |  |  |  |  | $ | 326 |  |  | $ | 502 |  |  | $ | 1,392 |  |  |  |  |
| Six Months Ended June 30,
| 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 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 128 |  |  |
Amortization of debt discount | — |  |  | — |  |  | 803 |  |  |  |  | — |  |  | — |  |  | 2,382 |  |  |
Amortization of debt issuance costs | 643 |  |  | 987 |  |  | 75 |  |  |  |  | 652 |  |  | 1,005 |  |  | 249 |  |  |
Total interest cost recognized | $ | 643 |  |  | $ | 987 |  |  | $ | 921 |  |  |  |  | $ | 652 |  |  | $ | 1,005 |  |  | $ | 2,759 |  |  |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration