v3.25.2
Debt (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Liability Components of the Convertible Notes
The following table summarizes the Company's debt for each of the periods indicated:
(in thousands)June 30, 2025December 31, 2024
Senior Secured Term Loan due 2029:
Principal$400,000 $400,000 
Less: debt discount (1)
(6,878)(7,863)
Less: deferred financing (1)
(1,800)(2,026)
Net carrying value of long-term debt$391,322 $390,111 
______________________________
(1) Included in the Company's Consolidated Balance Sheets within long-term debt and amortized to interest expense over the remaining life of the Senior Secured Term Loan due 2029 using the effective interest rate method.
Schedule of Components of Total Interest Expense
The following table sets forth interest expense recognized related to the Company's debt for each of the periods indicated:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2025202420252024
Contractual interest expense$10,931 $11,941 $21,771 $23,915 
Amortization of debt discount$502 $436 $984 $858 
Amortization of deferred financing$129 $124 $252 $233