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FINANCING ARRANGEMENTS (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Notes
The carrying amount of the 2027 Notes consisted of the following as of June 30, 2025 and December 31, 2024 (in thousands):

June 30, 2025
December 31, 2024
Fair value of principal recorded at issuance (1)
$196,210 $196,210 
Less: debt discount
(2,780)(3,483)
Total $193,430 $192,727 
(1)    The principal of the 2027 Notes was recorded at fair value of $196.2 million, which is equal to the exchanged principal of $176.3 million and cash consideration received of $19.9 million.
The carrying amount of the 2026 Notes consisted of the following as of June 30, 2025 and December 31, 2024 (in thousands):
June 30, 2025December 31, 2024
Principal amount$53,740 $53,740 
Less: debt discount(267)(454)
Net carrying amount of liability component
$53,473 $53,286 
Schedule of Interest Costs on Notes
For the three and six months ended June 30, 2025, we recognized interest costs on the 2027 Notes as follows (in thousands):

Three Months Ended June 30, Six Months Ended June 30,
2025
Contractual interest
$3,082 $6,164 
Amortization of debt discount
379 751 
Total $3,461 $6,915 
During the three and six months ended June 30, 2025 and 2024, we recognized interest costs on the 2026 Notes as follows (in thousands):
Three Months Ended June 30, Six Months Ended June 30,
2025202420252024
Contractual interest$151 $647 $302 $1,377 
Amortization of debt discount94 394 187 785 
Total $245 $1,041 $489 $2,162