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DEBT AND FINANCING ARRANGEMENTS (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of long-term debt instruments

Our debt consists of the following (in thousands):

			December 31,
			2024						2023
Line of Credit			$	—					$	30,000
2024 Convertible Senior Notes, net			167,729						$	—
2020 Convertible Senior Notes, net			45,863						$	227,504
Total debt			$	213,592					$	257,504

Convertible Debt

The net carrying amount of the liability component of the 2024 Convertible Senior Notes is as follows (in thousands):

			December 31,
			2024
Principal			$	172,500
Minus:
Unamortized issuance costs			(4,771)
Net carrying amount			$	167,729

Interest expense recognized related to the 2024 Convertible Senior Notes is as follows (in thousands):

			December 31,
			2024
Contractual interest expense (due in cash)			$	5,478
Amortization of debt issuance costs			838
Total interest expense related to the 2024 Convertible Senior Notes			$	6,316
Effective interest rate			4.90		%

The net carrying amount of the liability component of the 2020 Convertible Senior Notes is as follows (in thousands):

			December 31,
			2024						2023
Principal			$	46,070					$	230,000
Minus: Unamortized issuance costs			(207)						(2,496)
Net carrying amount of the liability component			$	45,863					$	227,504

Interest expense recognized related to the 2020 Convertible Senior Notes is as follows (in thousands):

			December 31,
			2024						2023
Contractual interest expense (due in cash)			$	921					$	2,300
Amortization of debt issuance costs			585						1,461
Total interest expense related to the 2020 Convertible Senior Notes			$	1,506					$	3,761
Effective interest rate			1.64		%				1.64		%

Aggregate Future Payments of Principal Due Upon Maturity

Aggregate future payments of principal due upon maturity are as follows (in thousands):

Years Ending December 31,						Debt
2025						$	46,070
2026						—
2027						—
2028						—
Future periods						172,500
Total debt						$	218,570

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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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