v3.25.2
Obligations (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of debt
The following table reflects the carrying value of our Convertible Notes long-term debt as of June 30, 2025 and December 31, 2024 (in thousands):
June 30, 2025December 31, 2024
3.50% Senior Convertible Notes due 2027
$460,000 $460,000 
Less: Deferred financing costs(4,250)(5,261)
Net carrying amount of the Convertible Notes455,750 454,739 
Less: Current portion of long-term debt(455,750)(454,739)
Long-term net carrying amount of the Convertible Notes$— $— 
Schedule of accretion of the debt discount, and the amortization of financing costs
The following table presents the amount of interest cost recognized, which is included within "Interest expense" in our condensed consolidated statements of income, for the three and six months ended June 30, 2025 and 2024 relating to the contractual interest coupon and the amortization of deferred financing costs of the Convertible Notes (in thousands):
Three Months Ended June 30,
20252024
2027 Notes2027 Notes2024 NotesTotal
Contractual coupon interest$4,025 $4,025 $428 $4,453 
Amortization of deferred financing costs509 471 101 572 
Total$4,534 $4,496 $529 $5,025 
Six Months Ended June 30,
20252024
2027 Notes2027 Notes2024 NotesTotal
Contractual coupon interest$8,050 $8,050 $1,059 $9,109 
Amortization of deferred financing costs1,011 936 252 1,188 
Total$9,061 $8,986 $1,311 $10,297