v3.25.2
Deferred royalty obligation (Tables)
6 Months Ended
Jun. 30, 2025
Other Liabilities Disclosure [Abstract]  
Schedule of Royalty Purchase Obligation
The table below provides a rollforward of the Company’s debt obligation relating to the royalty purchase agreement.
(in thousands)
Liability balance at January 1, 2024$309,613 
Less: royalty payments5,384 
Plus: interest expense33,608 
Less: cumulative catch-up adjustment, Other, net11,178 
Liability balance at December 31, 2024326,659 
Less: royalty payments3,220 
Plus: interest expense17,168 
Less: cumulative catch-up adjustment, Other, net196 
Liability balance at June 30, 2025$340,411