v3.25.4
Debt (Tables)
12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Convertible Notes
The following table presents details of the Company's convertible senior notes outstanding as of December 31, 2025, which are further discussed below (principal in thousands):
Date Issued
Maturity Date (1)
Principal
Interest Rate per Annum
Conversion Rate for Each $1,000 Principal (2)
Initial Conversion Price per Share
2026 Notes
June 1, 2019
June 1, 2026
$303,995 0.75 %$11.2851 $88.61 
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(1) Unless earlier converted or repurchased in accordance with their terms prior to such date
(2) Subject to adjustment upon the occurrence of certain specified events
The 2026 and 2025 Notes consist of the following:
As of December 31, 2025As of December 31, 2024
2026 Notes2025 Notes2026 Notes2025 Notes
Principal$303,995 $— $303,995 $191,000 
Unamortized debt issuance costs(627)— (1,880)(669)
Net carrying amount$303,368 $— $302,115 $190,331 
Schedule of Interest Expense
The following table sets forth expenses related to the 2026 and 2025 Notes and Revolving Credit Agreement:
Year Ended December 31,
202520242023
Contractual interest expense$2,815 $2,681 $2,532 
Amortization of debt issuance costs2,111 2,059 2,104 
Total$4,926 $4,740 $4,636