v3.26.1
2031 Notes (Tables)
6 Months Ended
Jun. 30, 2026
Convertible Debt [Abstract]  
Schedule of Convertible Debt [Table Text Block]

The 2031 Notes consisted of the following components:

 

June 30, 2026

 

 

(in thousands)

 

Principal

$

1,500,000

 

Unamortized debt issuance costs

 

28,269

 

Net carrying amount of the liability component

$

1,471,731

 

As of June 30, 2026, the Company had unamortized debt issuance costs, including the initial purchasers’ discount, which are being amortized to interest expense over the contractual term of the 2031 Notes using the effective interest method. The remaining amortization period is approximately five years, through the maturity date of June 1, 2031. Such amortization represents non-cash interest expense and will be recognized over the remaining term of the 2031 Notes. Amortization of the debt issuance costs was $0.7 million during each of the three and six months ended June 30, 2026.

Schedule of Maturities of Long-Term Debt [Table Text Block]

The future contractual principal payments related to the 2031 Notes are as follows. As the 2031 Notes do not bear regular interest, the table below reflects contractual principal repayments only and excludes non‑cash interest expense associated with the amortization of debt issuance costs.

 

Amount

 

Fiscal Years

(in millions)

 

2026

$

 

2027

 

 

2028

 

 

2029

 

 

2030

 

 

Thereafter

 

1,500

 

Total Payments

$

1,500