Schedule of Carrying Amount of Liability Component of Convertible Debt |
March 31, 2025 and December 31, 2024 is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2025 | | December 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 value | 358,806 | | | 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 | |
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Schedule of Interest Expense Incurred |
The following table sets forth the interest expense recognized related to the Notes: | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | 2025 | | 2024 | | | | | | | | | | | | | | (In thousands) | Contractual interest expense | $ | 5,690 | | | $ | 91 | | | | | | Amortization of debt issuance costs | 631 | | | 610 | | | | | | Amortization of debt discount | 1,157 | | | — | | | | | | Total interest expense | $ | 7,478 | | | $ | 701 | | | | | |
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