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| Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt | Note 7 — Debt Convertible Notes 2031 Notes The following table presents the total amount of interest cost recognized relating to the 2031 Notes (in thousands):
The effective interest rate of the 2031 Notes was 2.23% as of June 30, 2026. As of June 30, 2026, the unamortized debt issuance cost for the 2031 Notes was $18.1 million and will be amortized over approximately 5.3 years. 2027 Notes The following table presents the total amount of interest cost recognized relating to the 2027 Notes (in thousands):
The effective interest rate of the 2027 Notes was 4.2% as of June 30, 2026 and 2025. As of June 30, 2026, the unamortized debt issuance cost for the 2027 Notes was $0.9 million and will be amortized over approximately 1.0 years. During the three months ended June 30, 2026, the conditions allowing holders of the 2027 Notes to convert were met. As a result, the 2027 Notes are convertible as of June 30, 2026. As of June 30, 2026, the estimated fair value of the 2031 Notes and 2027 Notes was $1.1 billion and $239.8 million, respectively, and was based upon observable, Level 2 inputs, including pricing information from recent trades of the Convertible Notes. 2026 Notes The following table presents the total amount of interest cost recognized relating to the 2026 Notes (in thousands):
During the three months ended June 30, 2026, holders converted the remaining $21.1 million aggregate principal amount of the 2026 Notes into 2,002,817 shares of the Company's common stock, together with an immaterial amount of cash paid in lieu of fractional shares. The conversions were completed in accordance with the original conversion terms of the 2026 Notes, and no gain or loss was recognized. As of June 30, 2026, the 2026 Notes were fully converted and no principal amount remained outstanding. The effective interest rate of the 2026 Notes was 4.6% before the conversion in May 2026 and as of June 30, 2025. |
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