Convertible Senior Notes and Capped Call Transactions - Narrative (Details)
$ / shares in Units, $ in Thousands |
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|
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|
1 Months Ended |
3 Months Ended |
12 Months Ended |
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|
Jun. 13, 2024
USD ($)
|
Jun. 03, 2024
USD ($)
$ / shares
shares
|
Mar. 21, 2023
USD ($)
|
Dec. 31, 2020
USD ($)
|
Jun. 30, 2024
USD ($)
d
day
|
Dec. 31, 2020
USD ($)
day
shares
|
Mar. 31, 2019
USD ($)
|
Mar. 31, 2025
USD ($)
shares
|
Jun. 30, 2024
USD ($)
|
Mar. 31, 2024
USD ($)
|
Dec. 31, 2024
USD ($)
|
Dec. 31, 2020
USD ($)
|
Mar. 31, 2025
$ / shares
|
Dec. 31, 2024
$ / shares
|
Dec. 31, 2023
$ / shares
|
| Debt Instrument [Line Items] |
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| Debt instrument, repurchase amount |
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$ 149,700
|
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|
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|
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|
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| Debt instrument, increase (decrease), net |
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|
157,500
|
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|
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|
|
|
|
|
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| Convertible senior notes (Note 8) |
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|
$ 528,858
|
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|
$ 527,070
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| Number of shares of common stock covered by called caps (shares) | shares |
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6,880,000
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| Reduction to additional paid-in-capital related to called caps |
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$ 46,100
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| Interest expense |
|
|
|
|
|
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|
7,478
|
|
$ 701
|
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|
|
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|
| Common stock, par value (in dollars per share) | (per share) |
|
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|
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|
$ 0.001
|
$ 0.001
|
$ 0.001
|
| Amortization of debt issuance costs and accretion of debt discount |
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|
|
|
|
|
|
$ (1,788)
|
|
(610)
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| Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares |
|
$ 0.75
|
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| Class of Warrant or Right, Number of Securities Called by Warrants or Rights | shares |
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9,746,723
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| Class of Warrant or Right, Outstanding | shares |
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13,225,212
|
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| Class of Warrant or Right, Beneficial Ownership Limitation, Percentage |
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|
4.99%
|
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| Class of Warrant or Right, Beneficial Ownership Limitation, Term of Investor Notice |
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61 days
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| Class of Warrant or Right, Beneficial Ownership Limitation, Maximum Percentage |
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9.99%
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| Warrants and Rights Outstanding |
|
$ 5,300
|
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|
$ 8,700
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| Fair Value Adjustment of Warrants |
|
|
|
|
|
|
|
8,824
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|
0
|
(12,232)
|
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| Share-Settled Warrants |
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| Debt Instrument [Line Items] |
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| Warrants and Rights Outstanding, Term |
|
10 years
|
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| Cash-Settled Warrants |
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| Debt Instrument [Line Items] |
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| Warrants and Rights Outstanding, Term |
|
10 years
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| Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares |
|
$ 0.75
|
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| Class of Warrant or Right, Number of Securities Called by Warrants or Rights | shares |
|
2,344,775
|
|
|
|
|
|
|
|
|
|
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|
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| Class of Warrant or Right, Available Cash |
|
$ 100,000
|
|
|
|
|
|
|
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| Class of Warrant or Right, Settlement Amount, Annualized Interest Rate |
|
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|
6.00%
|
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| Convertible Debt |
|
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| Debt Instrument [Line Items] |
|
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|
|
|
|
|
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|
|
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| Principal Balance |
|
|
|
|
|
|
|
568,329
|
|
|
568,329
|
|
|
|
|
| Debt Issuance Costs, Net |
|
|
|
|
|
|
|
9,490
|
|
|
10,122
|
|
|
|
|
| Long-Term Debt, Gross |
|
|
|
|
|
|
|
528,858
|
|
|
527,070
|
|
|
|
|
| Unamortized issuance costs |
|
|
|
|
|
|
|
(29,981)
|
|
|
(31,137)
|
|
|
|
|
| 2024 Notes |
|
|
|
|
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| Debt Instrument [Line Items] |
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|
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| Principal Balance |
|
|
|
|
|
|
|
72,000
|
|
|
|
|
|
|
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| Debt instrument, increase (decrease), net |
|
|
$ 228,300
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unamortized issuance costs |
|
|
|
|
|
|
|
|
|
|
0
|
|
|
|
|
| 2024 Notes | Convertible Debt |
|
|
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| Debt Instrument [Line Items] |
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| Principal Balance |
|
|
|
|
|
|
$ 230,000
|
|
|
$ 72,500
|
361,204
|
|
|
|
|
| Debt instrument stated rate (percent) |
|
|
|
|
|
|
0.75%
|
|
|
|
|
|
|
|
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| Debt Issuance Costs, Net |
|
|
|
|
|
|
|
|
|
|
2,757
|
|
|
|
|
| Long-Term Debt, Gross |
|
|
|
|
|
|
|
|
|
|
358,447
|
|
|
|
|
| Unamortized issuance costs |
|
|
|
|
|
|
|
|
|
|
0
|
|
|
|
|
| Debt Instrument, Convertible, Conversion Ratio |
|
|
|
|
|
|
0.0259182
|
|
|
|
|
|
|
|
|
| 2026 Notes |
|
|
|
|
|
|
|
|
|
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| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
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| Debt instrument, repurchase amount |
$ 10,300
|
|
|
|
|
|
|
|
|
|
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|
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| Gain (loss) on extinguishment of debt |
|
|
|
|
|
|
|
|
$ 5,000
|
|
|
|
|
|
|
| Convertible senior notes (Note 8) |
|
|
|
|
|
|
|
358,800
|
|
|
|
|
|
|
|
| Repayments of Convertible Debt |
$ 4,900
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unamortized issuance costs |
|
|
|
|
|
|
|
0
|
|
|
(31,137)
|
|
|
|
|
| 2026 Notes | Debt Instrument, Redemption, First Lien Convertible Notes |
|
|
|
|
|
|
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|
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| Debt Instrument [Line Items] |
|
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|
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|
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|
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| Debt Instrument, Redemption, Number Of Days Before Maturity |
|
|
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|
91 days
|
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| 2026 Notes | Investor |
|
|
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| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal Balance |
|
146,000
|
|
|
$ 146,000
|
|
|
|
146,000
|
|
|
|
|
|
|
| 2026 Notes | Convertible Debt |
|
|
|
|
|
|
|
|
|
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| Debt Instrument [Line Items] |
|
|
|
|
|
|
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|
|
|
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|
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| Principal Balance |
|
|
|
$ 517,500
|
|
$ 517,500
|
|
361,204
|
|
|
207,125
|
$ 517,500
|
|
|
|
| Debt instrument stated rate (percent) |
|
|
|
|
|
|
0.00%
|
|
|
|
|
|
|
|
|
| Proceeds from debt offering, net of debt issuance costs |
|
|
|
|
|
|
|
|
|
|
|
$ 505,300
|
|
|
|
| Percentage of principal amount paid if repurchase due to fundamental change (percent) |
|
|
|
|
|
100.00%
|
|
|
|
|
|
|
|
|
|
| Threshold trading days in consideration of note conversion | day |
|
|
|
|
|
20
|
|
|
|
|
|
|
|
|
|
| Threshold consecutive trading days in analysis of conversion price | day |
|
|
|
|
|
30
|
|
|
|
|
|
|
|
|
|
| Threshold percentage of stock price if converted |
|
|
|
|
|
130.00%
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Convertible Business Period |
|
|
|
5 years
|
|
|
|
|
|
|
|
|
|
|
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| Debt Instrument, Convertible, Measurement Period |
|
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|
5 years
|
|
|
|
|
|
|
|
|
|
|
|
| Threshold for five day period, product of sale price of common stock and conversion rate of notes |
|
|
|
|
|
98.00%
|
|
|
|
|
|
|
|
|
|
| Debt Issuance Costs, Net |
|
|
|
|
|
|
|
$ 2,398
|
|
|
7,365
|
|
|
|
|
| Remaining amortization period for debt discount and debt issuance costs |
|
|
|
|
|
|
|
1 year 8 months 12 days
|
|
|
|
|
|
|
|
| Effective interest rate (percent) |
|
|
|
|
|
|
|
0.40%
|
|
|
|
|
|
|
|
| Convertible debt conversion price (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
75.23
|
| Debt Instrument, Convertible, Threshold Principal Amount |
|
|
|
|
$ 60,000
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Debt, Gross |
|
|
|
|
|
|
|
$ 358,806
|
|
|
168,623
|
|
|
|
|
| Unamortized issuance costs |
|
|
|
|
|
|
|
0
|
|
|
(31,137)
|
|
|
|
|
| Debt Instrument, Convertible, Conversion Ratio |
|
|
|
0.0132933
|
|
|
|
|
|
|
|
|
|
|
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| Capped calls |
|
|
|
|
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| Debt Instrument [Line Items] |
|
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| Capped caps initial strike price (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
75.23
|
| Capped caps initial cap price (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 105.58
|
| Convertible Senior Notes Due 2029 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal Balance |
|
|
|
|
|
|
|
|
|
|
50,000
|
|
|
|
|
| Unamortized issuance costs |
|
|
|
|
|
|
|
(29,981)
|
|
|
|
|
|
|
|
| Convertible Senior Notes Due 2029 | Debt Instrument, Redemption, First Lien Convertible Notes |
|
|
|
|
|
|
|
|
|
|
|
|
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|
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| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
| Percentage of principal amount paid if repurchase due to fundamental change (percent) |
|
|
|
|
100.00%
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Redemption Price, Discount Percentage, Basis Points |
|
|
|
|
0.0050
|
|
|
|
|
|
|
|
|
|
|
| Convertible Senior Notes Due 2029 | Investor |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal Balance |
|
|
|
|
$ 100,000
|
|
|
|
100,000
|
|
|
|
|
|
|
| Debt instrument, repurchase amount |
|
|
|
|
50,000
|
|
|
|
50,000
|
|
$ 50,000
|
|
|
|
|
| Class of Warrant Or Right, Additional Amount Authorized For Purchase |
|
$ 50,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Senior Notes Due 2029 | Convertible Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal Balance |
|
|
|
|
150,000
|
|
|
207,125
|
150,000
|
|
|
|
|
|
|
| Debt Issuance Costs, Net |
|
|
|
|
|
|
|
$ 7,092
|
|
|
|
|
|
|
|
| Remaining amortization period for debt discount and debt issuance costs |
|
|
|
|
|
|
|
4 years 2 months 12 days
|
|
|
|
|
|
|
|
| Debt issuance costs attributable to liability |
|
|
|
|
7,600
|
|
|
|
7,600
|
|
|
|
|
|
|
| Long-Term Debt, Fair Value |
|
|
|
|
118,100
|
|
|
|
118,100
|
|
|
|
|
|
|
| Debt Instrument, Discount, Gross |
|
|
|
|
31,900
|
|
|
|
31,900
|
|
|
|
|
|
|
| Debt Instrument, Covenant, Maximum Amount, Junior In Lien Priority |
|
|
|
|
150,000
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Covenant, Minimum Required Cash Balance |
|
|
|
|
60,000
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Debt, Gross |
|
|
|
|
|
|
|
$ 170,052
|
|
|
|
|
|
|
|
| Amortization of debt issuance costs and accretion of debt discount |
|
|
|
|
$ (7,100)
|
|
|
|
|
|
|
|
|
|
|
| Unamortized issuance costs |
|
|
|
|
|
|
|
$ (29,981)
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Effective Percentage |
|
|
|
|
|
|
|
19.18%
|
|
|
|
|
|
|
|
| Convertible Senior Notes Due 2029 | Convertible Debt | Debt Conversion Terms One |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Threshold trading days in consideration of note conversion | day |
|
|
|
|
20
|
|
|
|
|
|
|
|
|
|
|
| Threshold consecutive trading days in analysis of conversion price | day |
|
|
|
|
30
|
|
|
|
|
|
|
|
|
|
|
| Threshold percentage of stock price if converted |
|
|
|
|
130.00%
|
|
|
|
|
|
|
|
|
|
|
| Convertible Senior Notes Due 2029 | Convertible Debt | Debt Conversion Terms Two |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Threshold trading days in consideration of note conversion | d |
|
|
|
|
5
|
|
|
|
|
|
|
|
|
|
|
| Threshold for five day period, product of sale price of common stock and conversion rate of notes |
|
|
|
|
98.00%
|
|
|
|
|
|
|
|
|
|
|
| Convertible Senior Notes Due 2029 | Convertible Debt | Earlier Of The Date of Issuance of Delayed Draw Notes And December 15. 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument stated rate (percent) |
|
10.83%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage, Cash |
|
4.17%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage, Paid In Kind |
|
6.66%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Senior Notes Due 2029 | Convertible Debt | From Date of Issuance of Delayed Draw Notes And Prior to December 15, 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument stated rate (percent) |
|
11.375%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage, Cash |
|
4.375%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage, Paid In Kind |
|
|
|
|
|
|
|
7.00%
|
|
|
|
|
|
|
|
| Convertible Senior Notes Due 2029 | Convertible Debt | On Or After December 15, 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument stated rate (percent) |
|
13.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage, Cash |
|
5.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage, Paid In Kind |
|
8.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Effective Percentage |
|
|
|
|
|
|
|
13.25%
|
|
|
|
|
|
|
|
| Convertible Senior Notes Due 2029 | Convertible Debt | Debt Instrument, Redemption, Period One |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed |
|
|
|
|
106.50%
|
|
|
|
|
|
|
|
|
|
|
| Convertible Senior Notes Due 2029 | Convertible Debt | Debt Instrument, Redemption, Period Two |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed |
|
|
|
|
103.25%
|
|
|
|
|
|
|
|
|
|
|
| Convertible Senior Notes Due 2029 | Convertible Debt | Debt Instrument, Redemption, Period Three |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed |
|
|
|
|
113.00%
|
|
|
|
|
|
|
|
|
|
|
| Convertible Senior Notes Due 2029 | Convertible Debt | Debt Instrument, Redemption, Fundamental Change |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of principal amount paid if repurchase due to fundamental change (percent) |
|
|
|
|
100.00%
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Redemption Price, Discount Percentage, Basis Points |
|
|
|
|
0.0050
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Redemption Price, Remaining Future Interest Payments, Percentage |
|
|
|
|
66.00%
|
|
|
|
|
|
|
|
|
|
|
| Exchange and Purchase Agreement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gain (loss) on extinguishment of debt |
|
|
|
|
|
|
|
|
$ 68,100
|
|
|
|
|
|
|