Convertible Senior Notes and Capped Call Transactions (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Carrying Amount of Liability Component of Convertible Debt

The net carrying amount of the liability component of the Notes as of March 31, 2026 and December 31, 2025 is as follows:


	March 31, 2026								December 31, 2025
	2026 Notes		2029 Notes		Second Lien Notes (1)		Total		2026 Notes		2029 Notes		Second Lien Notes (1)		Total
	(In thousands)								(In thousands)
Principal	$	20,125	$	221,877	$	181,952	$	423,954	$	20,125	$	221,877	$	181,952	$	423,954
Unamortized debt discount	—		(24,296)		—		(24,296)		—		(25,955)		—		(25,955)
Unamortized issuance costs	(54)		(5,810)		—		(5,864)		(73)		(6,142)		—		(6,215)
Total net carrying value	20,071		191,771		181,952		393,794		20,052		189,780		181,952		391,784
Less: Current portion of long-term debt	(20,071)		—		—		(20,071)		(20,052)		—		—		(20,052)
Carrying value of long-term debt, net	$	—	$	191,771	$	181,952	$	373,723	$	—	$	189,780	$	181,952	$	371,732

(1) Represents $115.0 million of outstanding principal amount of Second Lien Notes, plus the maximum interest of $58.7 million as well as a redemption premium of $8.3 million.

Schedule of Interest Expense Incurred

The following table sets forth the interest expense recognized related to the Notes:


	Three Months Ended March 31,
	2026		2025

	(In thousands)
Contractual interest expense	$	6,241	$	5,690
Amortization of debt issuance costs	400		631
Amortization of debt discount	1,611		1,157
Total interest expense	$	8,252	$	7,478