XML 57 R39.htm IDEA: XBRL DOCUMENT v3.25.0.1
FINANCING ARRANGEMENTS (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Convertible Senior Notes
The carrying amount of the 2027 Notes consisted of the following as of December 31, 2024 (in thousands):

December 31, 2024
Fair value of principal recorded at issuance
$196,210 
Less: debt discount
(3,483)
Total $192,727 
The carrying amount of the 2026 Notes consisted of the following as of December 31, 2024 and 2023 (in thousands):
December 31,
20242023
Principal amount$53,740 $230,000 
Less: debt discount(454)(3,530)
Net carrying amount of liability component$53,286 $226,470 
Schedule of Interest Costs on Convertible Debt
During the year ended December 31, 2024, we recognized interest costs on the 2027 Notes as follows (in thousands):

Year ended December 31, 2024
Contractual interest
$1,438 
Amortization of debt discount
220 
Total $1,658 
During the years ended December 31, 2024 and 2023, we recognized interest costs and a loss on extinguishment on the 2026 Notes as follows (in thousands):
Year Ended December 31,
20242023
Contractual interest$2,227 $2,588 
Amortization of debt discount1,434 1,547 
Loss on extinguishment of exchanged debt1,631 — 
Total $5,292 $4,135 
Schedule of Line of Credit Facilities
Amounts committed to outstanding borrowings and letters of credit under the Cash Collateral Agreement and Credit Agreement as of December 31, 2024 and 2023 were as follows (in thousands):
December 31, 2024December 31, 2023
Letters of credit and other cash collateral (1)
$33,726 $25,200 
Borrowings— 42,776 

(1) Pursuant to the Cash Collateral Agreement, cash collateral is required for all letters of credit and treated as restricted cash, which is presented in Prepaid expenses and other current assets on the Consolidated Balance Sheets. See Note 6, Supplemental Consolidated Balance Sheets and Statements of Operations Information, for additional information.