v3.26.1
Convertible Senior Notes (Tables) - 6.75% Convertible Senior Notes
3 Months Ended
Mar. 31, 2026
Convertible Senior Notes  
Schedule of changes in debt

The change in the carrying amount of the 6.75% Convertible Senior Notes during the three months ended March 31, 2026 was as follows (in thousands):

Beginning balance as of December 31, 2025

$

431,014

Change in fair value of the convertible senior notes

70,782

Amortization of discount

974

Ending balance as of March 31, 2026

$

502,770

Schedule of interest expense

The following table summarizes the total interest expense and effective interest rate related to the 6.75% Convertible Senior Notes during the three months ended March 31, 2026 (in thousands, except for the effective interest rate):

Three months ended

March 31, 2026

Interest expense

$

7,178

Amortization of discount

974

Total

$

8,152

Effective interest rate

7.7%