v3.25.1
Convertible Senior Notes and Capped Call Transactions (Tables)
3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Carrying Amount of Liability Component of Convertible Debt March 31, 2025 and December 31, 2024 is as follows:
March 31, 2025December 31, 2024
2026 Notes
2029 Notes
Total
2026 Notes
2029 Notes
Total
(In thousands)
(In thousands)
Principal$361,204 $207,125 $568,329 $361,204 $207,125 $568,329 
Unamortized debt discount
— (29,981)(29,981)— (31,137)(31,137)
Unamortized issuance costs(2,398)(7,092)(9,490)(2,757)(7,365)(10,122)
Total net carrying value358,806 170,052 528,858 358,447 168,623 527,070 
Long-term debt, net$358,806 $170,052 $528,858 $358,447 $168,623 $527,070 
Schedule of Interest Expense Incurred
The following table sets forth the interest expense recognized related to the Notes:
Three Months Ended March 31,
20252024
(In thousands)
Contractual interest expense$5,690 $91 
Amortization of debt issuance costs631 610 
Amortization of debt discount1,157 — 
Total interest expense$7,478 $701