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DEBT (Tables) | 6 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt Instruments | The carrying value of the Company’s outstanding debt is summarized as follows (in thousands):
| June 30, |  | December 31,
| 2025 |  | 2024
Term loan A facility maturing March 2028 (1) | $ | 97,828 |  |  | $ | 104,211 |
2.125% Convertible senior notes due May 2029 | 280,267 |  |  | 279,334 |
0.750% Convertible senior notes due August 2025 (2) | 202,397 |  |  | 201,776 |
Total | $ | 580,492 |  |  | $ | 585,321 |
(1) In July 2025, the Company repaid the indebtedness outstanding under its TLA Credit Agreement (as defined below) and terminated the TLA Credit Agreement concurrently with its entry into the Revolving Credit Facility (as defined below), as discussed in Note 18, Subsequent Events. (2) The 0.750% Convertible senior notes matured and were repaid on August 1, 2025.
Schedule of Composition of the Company's Debt and Financing Obligations | The total debt composition of the TLA Term Loan was as follows (in thousands):
| June 30, |  | December 31,
| 2025 |  | 2024
Term loan A facility maturing March 2028 (1) | $ | 98,750 |  |  | $ | 105,313 |
Deferred financing costs | (686) |  |  | (821) |
Discount on debt | (236) |  |  | (281) |
Total debt, net of debt discount and deferred financing costs | $ | 97,828 |  |  | $ | 104,211 |
(1) In July 2025, the Company repaid the indebtedness outstanding under the TLA Credit Agreement and terminated it concurrently with its entry into the Revolving Credit Facility, as discussed in Note 18, Subsequent Events. The total debt composition of the 2029 Notes is as follows (in thousands):
| June 30, |  | December 31,
| 2025 |  | 2024
2.125% convertible senior notes due May 2029 | $ | 287,500 |  |  | $ | 287,500 |
Deferred financing costs | (7,233) |  |  | (8,166) |
Total debt, net of deferred financing costs | $ | 280,267 |  |  | $ | 279,334 |
The total debt composition of the 2025 Notes was as follows (in thousands):
| June 30, |  | December 31,
| 2025 |  | 2024
0.750% convertible senior notes due August 2025 | $ | 202,500 |  |  | $ | 202,500 |
Deferred financing costs | (103) |  |  | (724) |
Total debt, net of deferred financing costs | $ | 202,397 |  |  | $ | 201,776 |
Schedule of Total Interest Expense Recognized Related to the Notes | The following table sets forth the total interest expense recognized in the periods presented (dollar amounts in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Contractual interest expense | $ | 3,823 |  |  | $ | 3,797 |  |  | $ | 7,685 |  |  | $ | 7,108 |
Amortization of debt issuance costs | 849 |  |  | 763 |  |  | 1,694 |  |  | 1,444 |
Amortization of debt discount | 23 |  |  | 23 |  |  | 45 |  |  | 47 |
Capitalized interest (Note 6) | — |  |  | (699) |  |  | (149) |  |  | (1,399) |
Total | $ | 4,695 |  |  | $ | 3,884 |  |  | $ | 9,275 |  |  | $ | 7,200 |
Effective interest rate on total debt | 3.09 | % |  | 2.99 | % |  | 3.10 | % |  | 2.98 | %

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