v3.26.1
Debt (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Debt
The following table summarizes the Company’s total debt (in thousands):
June 30, 2026December 31, 2025
Revolving credit facility$— $— 
2028 Convertible notes325,000 325,000 
2031 Convertible notes345,000 345,000 
Other debt— 12,802 
Total principal670,000 682,802 
Unamortized discount and issuance costs, total(12,251)(13,823)
Current portion of debt— (10,315)
Total long-term debt, net of current portion$657,749 $658,664 
Schedule of Convertible Debt
The net carrying amount of the Convertible Notes was as follows (in thousands):
June 30, 2026December 31, 2025
2028 Convertible Notes
2031 Convertible Notes
2028 Convertible Notes
2031 Convertible Notes
Principal
$325,000 $345,000 $325,000 $345,000 
Unamortized issuance costs
(3,546)(8,705)(4,267)(9,556)
Net carrying amount
$321,454 $336,295 $320,733 $335,444 
The following table summarizes the key terms of the capped calls issued in connection with the 2028 Convertible Notes (the “2028 Capped Calls”) and the capped calls issued in connection with the 2031 Convertible Notes (the “2031 Capped Calls” and, together with the 2028 Capped Calls, the “Capped Calls”):
Premium Paid
(In Millions)
Number of Shares Covered
(In Millions)
Initial Strike Price
Cap Price
2028 Capped Calls
$52.9 17.8$23.86 $36.02 
2031 Capped Calls
$35.1 42.5$8.12 $12.74