v3.26.1
Convertible Senior Notes (Tables)
6 Months Ended
Jun. 30, 2026
Debt Instrument [Line Items]  
Carrying Value of Convertible Senior Notes

The carrying value of the Company's Convertible Senior Notes is as follows:

 

 

June 30,
2026

 

 

December 31,
2025

 

 

 

(Amounts in thousands)

 

1.00% Convertible Senior Notes due 2028:

 

 

 

 

 

 

Principal amount

 

$

600,000

 

 

$

600,000

 

Unamortized debt discount

 

 

(44,733

)

 

 

(52,726

)

Unamortized debt issuance costs

 

 

(4,221

)

 

 

(5,061

)

Carrying amount - Convertible Senior Notes due 2028, net

 

$

551,046

 

 

$

542,213

 

Schedule of convertible note interest expense

The following table sets forth total interest expense recognized related to the 2023 Notes for the three and six months ended June 30, 2026 and 2025:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(Amounts in thousands)

 

Contractual interest expense - 2023 Notes

 

$

1,503

 

 

$

1,500

 

 

$

3,003

 

 

$

3,000

 

Amortization of debt discount - 2023 Notes

 

 

4,040

 

 

 

3,705

 

 

 

7,993

 

 

 

7,331

 

Amortization of debt issuance costs - 2023 Notes

 

 

421

 

 

 

414

 

 

 

840

 

 

 

827

 

Total

 

$

5,963

 

 

$

5,619

 

 

$

11,835

 

 

$

11,158