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Debt (Tables)

6 Months Ended

Jun. 30, 2025

Debt

Schedule of Debt

Our debt consists of the following:

		June 30,				December 31,
(In thousands)		2025				2024
2025 Notes		$	192,000			$	192,500
2028 Notes			261,000				261,000
Total debt			453,000				453,500
Less: Unamortized debt discount and issuance costs			(4,078	)			(5,156	)
Total debt, net			448,922				448,344
Less: Current portion of long-term debt, net			(191,903	)			(192,028	)
Total long-term debt, net		$	257,019			$	256,316

Aggregate Scheduled Maturities of Convertible Debt

The aggregate scheduled maturities of our convertible debt as of June 30, 2025 were as follows:

(In thousands)		Amount
Years ending December 31:
Remainder of 2025		$	192,000
2026			—
2027			—
2028			261,000
Total		$	453,000

2025 Notes

Debt

Summary of Liability and Equity Components of Convertible Notes

Our outstanding 2025 Notes balances consisted of the following:

		June 30,				December 31,
(In thousands)		2025				2024
Principal		$	192,000			$	192,500
Debt discount and issuance costs, net			(97	)			(472	)
Net carrying amount		$	191,903			$	192,028

Schedule of Components of Interest Expense

The following table sets forth total interest expense recognized related to the 2025 Notes for the three and six months ended June 30, 2025 and 2024:

		Three Months Ended June 30,								Six Months Ended June 30,
(In thousands)		2025				2024				2025				2024
Contractual interest expense		$	1,199			$	1,203			$	2,402			$	2,406
Amortization of debt issuance costs			188				183				375				364
Total interest and amortization expense		$	1,387			$	1,386			$	2,777			$	2,770

2028 Notes

Debt

Summary of Liability and Equity Components of Convertible Notes

Our outstanding 2028 Notes balance consisted of the following:

		June 30,				December 31,
(In thousands)		2025				2024
Principal		$	261,000			$	261,000
Debt issuance costs, net			(3,981	)			(4,684	)
Net carrying amount		$	257,019			$	256,316

Schedule of Components of Interest Expense

The following table sets forth total interest expense recognized related to the 2028 Notes for the three and six months ended June 30, 2025 and 2024:

		Three Months Ended June 30,								Six Months Ended June 30,
(In thousands)		2025				2024				2025				2024
Contractual interest expense		$	1,387			$	1,387			$	2,773			$	2,773
Amortization of debt issuance costs			349				339				703				684
Total interest and amortization expense		$	1,736			$	1,726			$	3,476			$	3,457

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