v3.25.2
Convertible Senior Notes (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Convertible Debt
The following table presents details of our convertible senior notes, which are further discussed below (original principal in thousands):
Month Issued
Maturity Date
Free Convertibility Date
Redemption Date
Original Principal (including overallotment)
Initial Conversion Rate per $1,000 Principal
Initial Conversion Price
2026 Notes
August 2019August 15, 2026May 15, 2026August 21, 2023$345,000 12.4756$80.16 
2028 Notes
August 2023August 15, 2028May 15, 2028August 21, 2026$702,000 7.4690$133.89 
The net carrying amount of the Notes was as follows (in thousands):
As of June 30, 2025As of December 31, 2024
2026 Notes
2028 Notes
2026 Notes
2028 Notes
Principal$71,242 $702,000 $71,242 $702,000 
Unamortized issuance costs(305)(6,825)(441)(7,910)
Net carrying amount$70,937 $695,175 $70,801 $694,090 

Interest expense related to the Notes was as follows (in thousands):
Three months ended June 30,Six months ended June 30,
2025202420252024
Contractual interest expense$2,394 $2,394 $4,788 $4,788 
Amortization of issuance costs610 609 1,220 1,217 
Total
$3,004 $3,003 $6,008 $6,005