v3.25.4
FINANCING ARRANGEMENTS (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt Obligations
The following table summarizes the outstanding debt obligations as of December 31, 2025 and 2024 and related maturity dates, contractual interest rates and carrying amounts as of December 31, 2025:

December 31, 2025December 31, 2024
Instrument / DescriptionContractual Interest RatePrincipal amountUnamortized debt issuance costs and discountsUnamortized debt premiumCarrying amountPrincipal amountUnamortized debt issuance costs and discountsCarrying amount
2026 Notes, due March 15, 20261.125 %$33,740 $(49)$— $33,691 $53,740 $(454)$53,286 
2027 Notes, due March 15, 2027 (1)
6.250 %46,210 (466)— 45,744 196,210 (3,483)192,727 
2030 Notes, due June 30, 20304.875 %244,071(2,066)21,406 263,411— — — 
Total convertible senior notes$324,021 $(2,581)$21,406 $342,846 $249,950 $(3,937)$246,013 
Less: Current portion of convertible senior notes, net(33,691)— 
Convertible senior notes, net$309,155 $246,013 

(1)     The original principal of the 2027 Notes at issuance was recorded at fair value of $196.2 million, which is equal to the exchanged principal of $176.3 million of the 2026 Notes and cash consideration received of $19.9 million. After the exchange on July 2, 2025, the remaining fair value of the principal recorded at issuance of the 2027 Notes was $46.2 million.
Schedule of Interest Costs on Convertible Debt
During the year ended December 31, 2025, we recognized interest costs on the 2030 Notes, which are presented in Other income (expense), net in the Consolidated Statement of Operations, as follows (in thousands):
Year Ended December 31, 2025
Contractual interest
$5,949 
Amortization of debt premium and debt issuance costs, net
(1,993)
Total $3,956 
During the years ended December 31, 2025 and 2024, we recognized interest costs on the 2027 Notes, which are presented in Other income (expense), net in the Consolidated Statements of Operations, as follows (in thousands):

Year Ended December 31,
20252024
Contractual interest
$7,693 $1,438 
Amortization of debt discount
940 220 
Total $8,633 $1,658 
During the year ended December 31, 2025 and 2024, we recognized interest costs on the 2026 Notes, which are presented in Other income (expense), net in the Consolidated Statements of Operations, as follows (in thousands):
Year Ended December 31,
20252024
Contractual interest$493 $2,227 
Amortization of debt discount305 1,434 
Total $798 $3,661