v3.25.1
DEBT (Tables)
3 Months Ended
Mar. 31, 2025
DEBT [Abstract]  
Carrying Value of Senior Convertible Notes

March 31,

December 31,

(In thousands)

2025

2024

0.375% Senior Convertible Notes due 2025:

Principal

$

$

449,987

Unamortized fair value adjustment for acquisition accounting

6,658

0.375% Senior Convertible Notes due 2025

443,329

Embedded Conversion Option

22

Debt, net of unamortized fair value adjustments for acquisition accounting

$

$

443,351

Summary of Interest Expense

Three Months Ended

March 31,

(In thousands)

2025

2024

Interest expense:

Contractual coupon interest

$

281

$

421

Amortization of fair value adjustments for acquisition accounting

6,658

6,658

Total interest expense recognized on Senior Convertible Notes due 2025

$

6,939

$

7,079

Effective interest rates:

Senior Convertible Notes due 2025

6.2%

6.7%