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v3.25.2

Convertible Notes (Tables) | 6 Months Ended
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Jun. 30, 2025
Convertible Notes [Abstract] |
Schedule of Key Terms of Convertible Notes | Key terms of the Convertible Notes are as follows:
|  | 2026 Notes |  | 2028 Notes |  | 2029 Notes |
Principal outstanding |  | $150,000 |  |  | $25,845 |  |  | $345,000 |
Issuance date |  | June 14, 2021 |  |  | February 14, 2023 |  |  | August 13, 2024 |
Maturity date (unless earlier converted, repurchased or redeemed) |  | June 15, 2026 |  |  | August 15, 2028 |  |  | August 15, 2029 |
Interest rate |  | 3.25% |  |  | 5.75% |  |  | 3.25% |
Initial conversion price |  | $11.04 |  |  | $9.54 |  |  | $11.82 |
Initial conversion rate |  | 90.5797 |  |  | 104.8658 |  |  | 84.5934 |
Redemption price |  | $14.35 |  |  | $12.40 |  |  | $15.37 |
Schedule of Convertible Notes | The following table provides a summary of the Convertible Notes at June 30, 2025 and December 31, 2024:
|  | June 30, 2025 |  | December 31, 2024
|  | 2026 Notes |  | 2028 Notes |  | 2029 Notes |  | Total |  | 2026 Notes |  | 2028 Notes |  | 2029 Notes |  | Total
Principal amount |  | $ | 150,000 |  |  | $ | 25,845 |  |  | $ | 345,000 |  |  | $ | 520,845 |  |  | $ | 150,000 |  |  | $ | 25,845 |  |  | $ | 345,000 |  |  | $ | 520,845 |
Less: Unamortized issuance costs |  |  | (830 | ) |  |  | (403 | ) |  |  | (6,327 | ) |  |  | (7,560 | ) |  |  | (1,263 | ) |  |  | (466 | ) |  |  | (7,083 | ) |  |  | (8,812 | )
Carrying amount |  | $ | 149,170 |  |  | $ | 25,442 |  |  | $ | 338,673 |  |  | $ | 513,285 |  |  | $ | 148,737 |  |  | $ | 25,379 |  |  | $ | 337,917 |  |  | $ | 512,033 |
Effective interest rate(1) |  |  | 3.83% |  |  |  | 6.25% |  |  |  | 3.70% |  |  |  | 3.86% |  |  |  | 3.83% |  |  |  | 6.25% |  |  |  | 3.70% |  |  |  | 3.86% |
| (1) | Includes amortization of the issuance costs and premium.

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- 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
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