The following table provides information regarding the Company’s debt: | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | | | | | (In thousands) | | Convertible notes | | | | | Notes due 2028 | $ | 575,000 | | | $ | 575,000 | | | | | | | Less: unamortized debt issuance costs | (2,164) | | | (2,806) | | | Carrying amount of Notes due 2028 | 572,836 | | | 572,194 | | | | | | | Notes due 2026 | — | | | 632,500 | | | | | | | Less: unamortized debt issuance costs | — | | | (317) | | | Carrying amount of Notes due 2026 | — | | | 632,183 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total carrying amount of debt | 572,836 | | | 1,204,377 | | | | | | | Less: debt, current | — | | | (632,183) | | | Debt, non-current | $ | 572,836 | | | $ | 572,194 | |
The following table presents the total amount of interest cost recognized in the condensed consolidated statement of operations relating to the Company’s notes: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | | | 2026 | | | | 2025 | | | | | | | | | | | | | | | | | | Notes due 2028 | | | | | | | | Notes due 2028 | | Notes due 2026 | | | | | | | | | | | | | | | | | | | | | | (In thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amortization of debt issuance costs | $ | 327 | | | | | | | | | $ | 327 | | | $ | 502 | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, | | | | 2026 | | 2025 | | | | | | | | | | | | | | | | | | Notes due 2028 | | Notes due 2026 | | | | | | Notes due 2028 | | Notes due 2026 | | Notes due 2025 | | | | | | | | | | | | | | | | | | | | (In thousands) | | Contractual interest expense | $ | — | | | $ | — | | | | | | | $ | — | | | $ | — | | | $ | 43 | | | | | Amortization of debt discount | — | | | — | | | | | | | — | | | — | | | 803 | | | | | Amortization of debt issuance costs | 643 | | | 317 | | | | | | | 643 | | | 987 | | | 75 | | | | | Total interest cost recognized | $ | 643 | | | $ | 317 | | | | | | | $ | 643 | | | $ | 987 | | | $ | 921 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|