XML 44 R32.htm IDEA: XBRL DOCUMENT v3.25.3
Debt (Tables)
9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Long-term debt consists of the following (in thousands):
September 30, 2025December 31, 2024
4.625% Senior Notes
$460,038 $460,038 
1.75% Convertible Notes
149,109 149,109 
3.625% Convertible Notes
263,147 263,147 
Total Notes872,294 872,294 
Credit Agreement— — 
Less: Unamortized discount(4,637)(5,676)
Deferred issuance costs (1)
(1,720)(2,336)
Total long-term debt$865,937 $864,282 
(1)Includes $0.6 million and $0.7 million of carrying amount of deferred issuance costs on the 4.625% Senior Notes as of September 30, 2025 and December 31, 2024, respectively, $0.5 million and $0.9 million of carrying amount of deferred issuance costs on the 1.75% Convertible Notes as of September 30, 2025 and December 31, 2024, respectively, and $0.6 million and $0.7 million of carrying amount of deferred issuance costs on the 3.625% Convertible Notes as of September 30, 2025 and December 31, 2024, respectively.
Schedule of Debt
The following table provides the components of interest expense related to the 1.75% Convertible Notes (in thousands):
Three months ended September 30,Nine months ended September 30,
2025202420252024
Contractual interest expense$652 $964 $1,957 $5,777 
Amortization of discount and deferred issuance costs
125 185 373 1,128 
Total interest expense related to 1.75% Convertible Notes
$777 $1,149 $2,330 $6,905 
The following table provides the components of interest expense related to the 3.625% Convertible Notes (in thousands):
Three months ended September 30,Nine months ended September 30,
2025202420252024
Coupon interest expense$2,385 $1,987 $7,154 $1,987 
Amortization of discount and debt issuance costs
323 258 958 258 
Total interest expense related to 3.625% Convertible Notes
$2,708 $2,245 $8,112 $2,245