Convertible Senior Notes (Tables)

3 Months Ended

Mar. 31, 2024

The following table includes the outstanding principal amount and carrying value of the 2025 Notes as of the periods indicated:


(dollars in thousands)	MARCH 31, 2024		DECEMBER 31, 2023
Principal	$	20,724	$	104,786
Less: unamortized debt issuance costs (1)	(178)		(1,138)
Net carrying amount	$	20,546	$	103,648

________________

(1)During the thirteen weeks ended March 31, 2024, the Company wrote off $0.8 million of debt issuance costs as a result of the 2025 Notes Partial Repurchase.

Convertible senior notes interest expense

Following is a summary of interest expense for the 2025 Notes by component for the periods indicated:


	THIRTEEN WEEKS ENDED
(dollars in thousands)		MARCH 31, 2024		MARCH 26, 2023
Coupon interest		$	1,006	$	1,313
Debt issuance cost amortization		158		195
Total interest expense (1)		$	1,164	$	1,508

________________

(1)The effective rate of the 2025 Notes over their expected life is 5.85%.