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Debt (Tables)
3 Months Ended
Mar. 31, 2025
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 March 31,As of December 31,
20252024
2026 Convertible Notes:(In thousands)
Principal$7,633 $35,000 
Unamortized debt issuance costs(35)(205)
2026 Convertible Notes net carrying amount7,598 34,795 
2028 Convertible Notes:
Principal250,000 250,000 
Unamortized debt issuance costs(3,244)(3,511)
2028 Convertible Notes net carrying amount246,756 246,489 
Total net carrying amount$254,354 $281,284 
Schedule of Interest Expense Recognized Related to Convertible Notes
The following table sets forth the interest expense recognized related to the Convertible Notes:
Three months ended March 31,
20252024
2026 Convertible Notes:(In thousands)
Contractual interest expense$21 $109 
Amortization of debt issuance costs30 217 
Total interest expense related to the 2026 Convertible Notes51 326 
2028 Convertible Notes:
Contractual interest expense313 313 
Amortization of debt issuance costs268 268 
Total interest expense related to the 2028 Convertible Notes581 581 
Total interest expense$632 $907 
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 March 31, 2025:
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 adjustments83,854 1,394,525