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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 2026632,500 632,500 
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 debt1,202,719 1,302,380 
Less: debt, current(631,179)(101,291)
Debt, non-current$571,540 $1,201,089 
The following tables present the total amount of interest cost recognized in the consolidated statement of operations relating to the Company’s notes:
Three Months Ended
June 30,
20252024
Notes due 2028Notes due 2026Notes due 2028Notes due 2026Notes due 2025
(In thousands)
Contractual interest expense$— $— $— $— $64 
Amortization of debt discount— — — — 1,205 
Amortization of debt issuance costs327 502 326 502 123 
Total interest cost recognized$327 $502 $326 $502 $1,392 
Six Months Ended
June 30,
20252024
Notes due 2028Notes due 2026Notes due 2025Notes due 2028Notes due 2026Notes due 2025
(In thousands)
Contractual interest expense$— $— $43 $— $— $128 
Amortization of debt discount— — 803 — — 2,382 
Amortization of debt issuance costs643 987 75 652 1,005 249 
Total interest cost recognized$643 $987 $921 $652 $1,005 $2,759