v3.25.1
Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Summary of Long-term Debt

The following table summarizes the Company’s long-term debt:

 

 

 

March 31,

 

 

December 31,

 

 

 

2025

 

 

2024

 

4.75% Convertible Senior Notes, due June 1, 2042

 

$

172,250

 

 

$

172,500

 

4.55% Promissory Note, due through August 1, 2036

 

 

4,347

 

 

 

4,419

 

5.50% Promissory Note, due through July 1, 2033

 

 

11,609

 

 

 

11,670

 

Total principal amount

 

 

188,206

 

 

 

188,589

 

Less: unamortized issuance costs

 

 

(2,874

)

 

 

(3,335

)

Total long-term debt

 

$

185,332

 

 

$

185,254

 

 

Summary of Future Maturities of Long-Term Debt

The following table summarizes future maturities of long-term debt as of March 31, 2025, which takes into consideration that the Company intends to redeem the 4.75% Convertible Senior Notes on June 5, 2025. See 4.75% Convertible Senior Notes within this note for additional information:

 

Due in 12 months following March 31,

 

Amount

 

2025

 

$

172,799

 

2026

 

 

577

 

2027

 

 

607

 

2028

 

 

638

 

2029

 

 

670

 

Thereafter

 

 

12,915

 

Total

 

$

188,206

 

Schedule of Interest Expense Related to Long-Term Debt

Information with respect to interest expense related to long-term debt is as follows:

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2025

 

 

2024

 

Interest Expense:

 

 

 

 

 

 

Contractual interest

 

$

2,258

 

 

$

2,118

 

Non-cash expense (a)

 

 

457

 

 

 

293

 

Total

 

$

2,715

 

 

$

2,411

 

 

(a)
Includes amortization of debt issuance costs.