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Debt (Tables)

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Schedule of Debt

Debt consisted of the following as of March 31, 2025 and December 31, 2024 (in thousands):

			March 31, 2025						December 31, 2024
			(unaudited)
2.50% convertible senior notes due 2025			$	230,000					$	230,000
Variable interest rate term loan maturing 2029			161,980						162,388
Total Principal Outstanding			391,980						392,388
Less: Unamortized discount and issuance costs			(9,126)						(10,028)
Net carrying amount			382,854						382,360
Less: Current portion of long-term debt			(231,563)						(231,182)
Long-term debt, net of current portion			$	151,291					$	151,178

Schedule of Convertible Debt

Components of interest expense are summarized as follows (in thousands):

			Three Months Ended March 31,
			2025						2024
			(unaudited)
Contractual interest expense			$	5,869					$	1,450
Amortization of debt discount and issuance costs			898						379
Amortization of deferred financing costs			549						—
Total			$	7,316					$	1,829

Schedule of Principal Payments and Debt Maturity

As of March 31, 2025, we are subject to required principal payments and debt maturity as follows (in thousands):

			Contractual Maturity
Fiscal year:			(unaudited)
2025			231,219
2026			1,627
2027			1,627
2028			1,627
2029			155,880
Total debt maturities			391,980
Less: Unamortized debt discount and issuance costs			(9,126)
Net carrying amount			$	382,854

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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