XML 58 R39.htm IDEA: XBRL DOCUMENT v3.25.1
CONVERTIBLE SENIOR NOTES - Narrative (Details)
3 Months Ended 12 Months Ended
Nov. 21, 2024
USD ($)
d
$ / shares
shares
Jun. 30, 2023
USD ($)
$ / shares
Feb. 16, 2021
USD ($)
Mar. 31, 2025
USD ($)
Mar. 31, 2024
USD ($)
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
Nov. 07, 2024
USD ($)
Debt Instrument [Line Items]                
Lock-up period restriction (in months) 6 months              
Gain on debt restructuring           $ 154,400,000    
Restructuring of debt (in dollar per share) | $ / shares           $ 0.56    
Convertible senior notes, net, non-current       $ 646,214,000   $ 647,494,000    
Accrued expenses       29,337,000   22,595,000    
2028 Convertible Senior Notes                
Debt Instrument [Line Items]                
Debt issuance costs   $ 1,500,000            
Amortization of debt issuance costs       0 $ 81,000      
2028 Convertible Senior Notes | Convertible Debt                
Debt Instrument [Line Items]                
Long-term debt, gross $ 459,000,000              
Debt instrument, stated interest rate 1.50%   1.50%          
Principal amount of notes   441,000,000 $ 900,000,000          
Payments made in conjunction with convertible notes exchange $ 50,000,000              
Threshold percentage of stock price trigger 9.90%              
Debt instrument, convertible, conversion ratio     0.0229885          
Debt issuance costs     $ 4,500,000          
Aggregate outstanding balance $ 0 459,000,000       0   $ 459,000,000
Fair value of convertible debt       154,000,000        
Debt instrument, effective interest rate     1.60%          
Amortization of debt issuance costs     $ 1,100,000          
2030 Convertible Senior Notes                
Debt Instrument [Line Items]                
Long-term debt, gross       441,000,000   441,000,000    
Debt issuance costs   $ 7,300,000            
Aggregate outstanding balance       435,714,000   435,494,000    
Amortization of debt issuance costs       239,000 $ 239,000      
2030 Convertible Senior Notes | Convertible Debt                
Debt Instrument [Line Items]                
Debt instrument, stated interest rate   1.375%            
Principal amount of notes   $ 441,000,000            
Debt instrument, convertible, conversion ratio   0.0465116            
Conversion price per share (in dollars per share) | $ / shares   $ 21.50            
Redemption price, percentage   100.00%            
Debt instrument, debt default, calendar days   360 days            
Debt instrument, interest in the event of default (as a percent)   0.25%            
Additional interest in the event of default (as a percent)   0.50%            
Fair value of convertible debt       276,600,000        
Debt redemption, percentage of conversion price   150.00%            
Debt redemption, trading days   20 days            
Debt redemption, consecutive trading days   30 days            
Debt instrument, effective interest rate   1.60%            
2030 Convertible Senior Notes | Convertible Debt | Minimum                
Debt Instrument [Line Items]                
Debt instrument, debt default, calendar days   181 days            
2030 Convertible Senior Notes | Convertible Debt | Maximum                
Debt Instrument [Line Items]                
Debt instrument, debt default, calendar days   360 days            
2030 Convertible Senior Notes | Convertible Debt | Debt Conversion Terms One                
Debt Instrument [Line Items]                
Debt instrument, debt default, calendar days   180 days            
2030 Convertible Senior Notes | Convertible Debt | Debt Conversion Terms Two                
Debt Instrument [Line Items]                
Debt instrument, debt default, calendar days   361 days            
2029 Convertible Senior Notes                
Debt Instrument [Line Items]                
Debt issuance costs 3,100,000              
Debt issuance cost, lender fees $ 200,000              
Convertible notes payable       213,500,000   $ 214,200,000    
Convertible senior notes, net, non-current       210,500,000        
Accrued expenses       $ 3,000,000        
2029 Convertible Senior Notes | Convertible Debt                
Debt Instrument [Line Items]                
Debt instrument, stated interest rate 1.50%              
Principal amount of notes $ 200,000,000             $ 200,000,000
Debt conversion, shares issued (in shares) | shares 20,451,570              
Threshold percentage of stock price trigger 150.00%              
Debt instrument, convertible, conversion ratio 0.02045157              
Conversion price per share (in dollars per share) | $ / shares $ 4.89              
Threshold trading days | d 20              
Threshold consecutive trading days | d 30              
Redemption price, percentage 100.00%              
Debt instrument, debt default, calendar days 360 days              
2029 Convertible Senior Notes | Convertible Debt | Debt Conversion Terms One                
Debt Instrument [Line Items]                
Debt instrument, debt default, calendar days 180 days              
Debt instrument, interest in the event of default (as a percent) 0.25%              
2029 Convertible Senior Notes | Convertible Debt | Debt Conversion Terms Two                
Debt Instrument [Line Items]                
Debt instrument, debt default, calendar days 361 days              
Additional interest in the event of default (as a percent) 0.50%              
2029 Convertible Senior Notes | Convertible Debt | Debt Conversion Terms Two | Minimum                
Debt Instrument [Line Items]                
Debt instrument, debt default, calendar days 181 days              
2029 Convertible Senior Notes | Convertible Debt | Debt Conversion Terms Two | Maximum                
Debt Instrument [Line Items]                
Debt instrument, debt default, calendar days 360 days              
Exchange Transaction                
Debt Instrument [Line Items]                
Loss on extinguishment of debt             $ 2,000,000  
Exchange Transaction | Convertible Debt                
Debt Instrument [Line Items]                
Paid accrued but unpaid interest $ 1,800,000 $ 2,500,000