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Debt (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Current and long term debt as of June 30, 2025 and December 31, 2024 consisted of the following:
June 30, 2025December 31, 2024
(in thousands)
Convertible Senior Notes$205,067 $205,067 
Less: Unamortized debt issuance costs
(837)(1,424)
Net carrying value of Convertible Senior Notes
204,230 203,643 
2024 Term Loan B Facility
362,269 363,177 
Less: Unamortized debt discount and issuance costs
(10,081)(13,075)
Net carrying value of 2024 Term Loan B Facility
352,188 350,102 
Balance Sheet Presentation:
Debt, current, net of debt issuance costs
207,862 3,641 
Debt, non-current, net of debt discount and issuance costs
348,556 550,104 
Total debt
$556,418 $553,745 
Schedule of Maturities of Long-term Debt
Maturities of the principal amount of the Company's debt as of June 30, 2025 were as follows (in thousands):
Fiscal Year
Remaining 2025$1,816 
2026208,699 
20273,632 
20283,632 
20293,632 
Thereafter345,925 
Total$567,336 
Amortization expense for the Company's debt issuance costs related to the Convertible Senior Notes for the fiscal years 2025 through 2026 was as follows (in thousands):
Fiscal YearDebt Issuance Costs
Remaining 2025$585 
2026252 
Total$837 
Amortization expense for the 2024 Term Loan B Facility debt discount and debt issuance costs for fiscal years 2025 through 2029 and thereafter was as follows (in thousands):
Fiscal YearDebt DiscountDebt Issuance Costs
Remaining 2025$431 $493 
2026856 978 
2027847 968 
2028839 958 
2029830 948 
Thereafter903 1,030 
Total$4,706 $5,375 
Summary of Interest Expense and Interest Income
The following table sets forth interest expense related to the Convertible Senior Notes for the three and six months ended June 30, 2025 and 2024 (in thousands, except interest rates):
Three Months EndedSix Months Ended
June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Contractual interest expense$128 $128 $256 $256 
Amortization of debt issuance costs294 294 587 587 
Total interest expense$422 $422 $843 $843 
Effective interest rate0.82 %0.82 %0.82 %0.82 %
The following table sets forth interest expense related to the 2024 Term Loan B Facility and the 2021 Term Loan B Facility (in thousands, except interest rates):
Three Months EndedSix Months Ended
June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Contractual interest expense$6,722 $9,032 $13,952 $18,198 
Amortization of debt discount216 270 472 584 
Amortization of debt issuance costs247 298 529 716 
Total interest expense$7,185 $9,600 $14,953 $19,498 
Effective interest rate7.91 %10.52 %8.23 %10.77 %
The following includes interest expense and interest income, as presented within interest expense, net in the condensed consolidated statement of operations (in thousands):
Three Months EndedSix Months Ended
June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Interest expense
$7,801 $10,164 $16,221 $20,618 
Interest income
(2,730)(3,371)(5,973)(5,867)
Interest expense, net
$5,071 $6,793 $10,248 $14,751 
Schedule of Debt
The following table summarizes the amount outstanding under the Company's 2024 Term Loan B Facility at June 30, 2025 and December 31, 2024:
June 30, 2025December 31, 2024
(in thousands)
2024 Term Loan B Facility
$362,269 $363,177 
Unamortized debt discount
(4,706)(6,198)
Unamortized debt issuance costs(5,375)(6,877)
2024 Term Loan B Facility, net of debt discount and issuance costs
$352,188 $350,102