XML 36 R24.htm IDEA: XBRL DOCUMENT v3.25.2
DEBT
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
DEBT DEBT
The following tables summarize the Company’s debt balances (in thousands):
June 30, 2025December 31, 2024
2019 Notes (1)
$229,092 $228,572 
 
  
Current Portion
$229,092 $— 
Non-Current Portion
$— $228,572 
(1)Amount is net of discount and debt issuance costs of $0.9 million and $1.4 million, respectively.
Convertible debt
2019 Notes
The 2019 Notes were reclassified from Debt, non-current to Current portion of debt as of June 30, 2025 due to the holder right of redemption at par, plus accrued and unpaid interest, which is payable on April 1, 2026 following a twenty business day notice period.
As of June 30, 2025, the Company was in compliance with its covenants. For further details on the Company’s indebtedness, see Note 20 to the audited consolidated financial statements in the Company’s 2024 Annual Report on Form 10-K.