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Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt

Schedule of Debt

Our debt consists of the following:

		December 31,
(In thousands)		2024				2023
2025 Notes		$	192,500			$	192,500
2028 Notes			261,000				261,000
Total debt			453,500				453,500
Less: Unamortized debt discount and issuance costs			(5,156	)			(7,266	)
Total debt, net			448,344				446,234
Less: Current portion of long-term debt, net			(192,028	)			—
Total long-term debt, net		$	256,316			$	446,234

Aggregate Scheduled Maturities of Convertible Debt

The aggregate scheduled maturities of our convertible debt as of December 31, 2024 are as follows:

(In thousands)		Amount
Year ending December 31,
2025		$	192,500
2026			—
2027			—
2028			261,000
Total		$	453,500

2023 Notes

Debt

Schedule of Components of Interest Expense

The following table sets forth total interest expense recognized related to the 2023 Notes for the years ended December 31, 2023 and 2022:

		Year Ended December 31,
(In thousands)		2023				2022
Contractual interest expense		$	85			$	2,617
Amortization of debt issuance costs			11				302
Total interest and amortization expense		$	96			$	2,919

2025 Notes

Debt

Summary of Liability and Equity Components of Convertible Notes

Our outstanding 2025 Notes balances consisted of the following:

		December 31,
(In thousands)		2024				2023
Principal		$	192,500			$	192,500
Debt discount and issuance costs, net			(472	)			(1,205	)
Net carrying amount		$	192,028			$	191,295

Schedule of Components of Interest Expense

The following table sets forth total interest expense recognized related to the 2025 Notes for the years ended December 31, 2024, 2023 and 2022:

		Year Ended December 31,
(In thousands)		2024				2023				2022
Contractual interest expense		$	4,813			$	4,813			$	4,813
Amortization of debt issuance costs			733				712				692
Total interest and amortization expense		$	5,546			$	5,525			$	5,505

2028 Notes

Debt

Summary of Liability and Equity Components of Convertible Notes

Our outstanding 2028 Notes balance consisted of the following:

		December 31,
(In thousands)		2024				2023
Principal		$	261,000			$	261,000
Debt discount and issuance costs, net			(4,684	)			(6,061	)
Net carrying amount		$	256,316			$	254,939

Schedule of Components of Interest Expense

The following table sets forth total interest expense recognized related to the 2028 Notes for the years ended December 31, 2024, 2023, and from the issuance through December 31, 2022:

		Year Ended December 31,								Date of Issuance Through
(In thousands)		2024				2023				December 31, 2022
Contractual interest expense		$	5,546			$	5,546			$	4,514
Amortization of debt discount and issuance costs			1,377				1,342				1,061
Total interest and amortization expense		$	6,923			$	6,888			$	5,575

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