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DEBT (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The following table presents the components of the 2024 Notes:

			As of December 31,
(in thousands)			2024						2023
Liability:
Principal amount			$	—					$	115,500
Less: Debt issuance costs, net of amortization			—						(620)
Carrying amount			$	—					$	114,880

Schedule of Convertible Debt Interest

The following table presents interest expense recognized for the 2024 Notes:

			Year Ended December 31,
(in thousands)			2024						2023						2022
Contractual interest expense			$	912					$	2,312					$	2,312
Amortization of debt issuance costs			282						898						874
Total interest expense recognized			$	1,194					$	3,210					$	3,186

Schedule of Debt

The Company has a variety of debt and credit facilities primarily in France to satisfy the financing requirements of the operations of its French subsidiary. These arrangements are summarized in the table below:

			As of December 31,
(in thousands)			2024						2023
Financing from French government agencies related to various government incentive programs (1)			$	11,024					$	11,268
Relief loans (2)			2,611						4,145
Total debt obligations			13,635						15,413
Less: current portion			(4,941)						(4,918)
Long-term portion			$	8,694					$	10,495

(1) These loans bear variable interest rate at EURIBOR 1 month plus 1.9% and mature between 2025 through 2027.

(2) Refer to the below section “Relief Loans” for the description of these loans.

Schedule of Future Minimum Repayments of Other Debts

The table below presents the future minimum repayments of other debts as of December 31, 2024 (in thousands):

Year ending December 31,
2025			$	4,941
2026			4,959
2027			3,735
Total			$	13,635

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Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

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