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Debt (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Net Carrying Amount of Liability Components of Convertible Notes
The net carrying amount of the liability components of the Convertible Notes were as follows:
As of December 31,
20242023
2026 Convertible Notes:(In thousands)
Principal$35,000 $175,000 
Unamortized debt issuance costs(205)(1,891)
2026 Convertible Notes net carrying amount34,795 173,109 
2028 Convertible Notes:
Principal250,000 250,000 
Unamortized debt issuance costs(3,511)(4,583)
2028 Convertible Notes net carrying amount246,489 245,417 
Total net carrying amount$281,284 $418,526 
Schedule of Interest Expense Recognized Related to Convertible Notes
The following table sets forth the interest expense recognized related to the Convertible Notes:
Year ended December 31,
202420232022
2026 Convertible Notes:(In thousands)
Contractual interest expense$241 $465 $997 
Amortization of debt issuance costs421 940 1,915 
Total interest expense related to the 2026 Convertible Notes662 1,405 2,912 
2028 Convertible Notes:
Contractual interest expense1,250 1,250 1,250 
Amortization of debt issuance costs1,071 1,064 1,062 
Total interest expense related to the 2028 Convertible Notes2,321 2,314 2,312 
Total interest expense$2,983 $3,719 $5,224 
Schedule of Costs Incurred for Capped Calls Related to Convertible Notes
The following table sets forth key terms and costs incurred for the Capped Calls related to the Convertible Notes as of December 31, 2024:
2026 Convertible Notes2028 Convertible Notes
(In thousands, except share and per share amounts)
Initial approximate strike price per share, subject to certain adjustments$91.03 $179.27 
Initial cap price per share, subject to certain adjustments$137.40 $260.76 
Net costs incurred$43,320 $25,500 
Class A common stock covered, subject to anti-dilution adjustments384,500 1,394,525