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Long-term Debt (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Outstanding Balance of Convertible Notes

The outstanding balance of the Convertible Notes as of June 30, 2025 and December 31, 2024 consisted of the following (in thousands):

 

 

 

June 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Principal

 

$

93,897

 

 

$

93,897

 

Less: debt discount and issuance costs, net

 

 

(397

)

 

 

(556

)

  Net carrying amount

 

$

93,500

 

 

$

93,341

 

 

Schedule of Interest Expense Recognized Related to Convertible Notes

The following table sets forth total interest expense recognized related to the Convertible Notes during the three and six months ended June 30, 2025 and 2024 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Amortization of debt issuance costs

 

$

80

 

 

$

77

 

 

$

159

 

 

$

153

 

Contractual interest expense

 

 

822

 

 

 

822

 

 

 

1,643

 

 

 

1,643

 

   Total interest expense

 

$

902

 

 

$

899

 

 

$

1,802

 

 

$

1,796

 

Summary of Credit Facility

The outstanding balance of the Credit Facility as of June 30, 2025 and December 31, 2024 consisted of the following (in thousands):

 

 

 

June 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Principal

 

$

375,000

 

 

$

375,000

 

Less: debt discount and issuance costs

 

 

(14,465

)

 

 

(15,511

)

  Net carrying amount

 

$

360,535

 

 

$

359,489

 

 

Summary of Interest Expense Recognized Related to Credit Facility

The following table sets forth total interest expense recognized related to the Credit Facility during the three and six months ended June 30, 2025 and 2024 (in thousands):

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Amortization of debt issuance costs

 

$

534

 

 

$

161

 

 

$

1,046

 

 

$

161

 

Contractual interest expense

 

 

9,526

 

 

 

5,306

 

 

 

18,975

 

 

 

5,306

 

   Total interest expense

 

$

10,060

 

 

$

5,467

 

 

$

20,021

 

 

$

5,467