v3.25.2
Derivatives and Risk Management (Tables)
 6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Instruments in Statement of Financial Position
The following tables present the fair value and the location of derivative contracts reported on the condensed consolidated balance sheets (in thousands):
Derivative AssetsDerivative Liabilities
June 30, 2025Balance Sheet Location
Fair Value (1)
Balance Sheet Location
Fair Value (1)
Derivatives Not Designated as Hedging Instruments:
Capped call derivatives (2025 Notes)Prepaid expenses and other current assets$1,303 
Capped call derivatives (2029 Notes)Long-term derivative assets21,658 
Embedded derivative (2025 Notes)Accrued liabilities and other$1,363 
Embedded derivative (2029 Notes)Long-term derivative liabilities48,093 
FX derivative contractsPrepaid expenses and other current assets9,373 Accrued liabilities and other6 
Total derivatives not designated as hedging instruments$32,334 $49,462 
(1)For the classification of inputs used to evaluate the fair value of LivaNova’s derivatives, refer to “Note 3. Fair Value Measurements.”
Derivative AssetsDerivative Liabilities
December 31, 2024Balance Sheet Location
Fair Value (1)
Balance Sheet Location
Fair Value (1)
Derivatives Not Designated as Hedging Instruments:
Capped call derivatives (2025 Notes)Prepaid expenses and other current assets$2,624 
Capped call derivatives (2029 Notes)Long-term derivative assets23,735 
Embedded derivative (2025 Notes)Accrued liabilities and other$2,915 
Embedded derivative (2029 Notes)Long-term derivative liabilities51,819 
FX derivative contractsPrepaid expenses and other current assets738 
Total derivatives not designated as hedging instruments$27,097 $54,734 
(1)For the classification of inputs used to evaluate the fair value of LivaNova’s derivatives, refer to “Note 3. Fair Value Measurements.”