v3.26.1
DEBT (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Convertible Debt
The carrying amounts of the Company’s 2029 Notes were as follows (in thousands):
June 30, 2026December 31, 2025
Principal amount$661,247 $661,250 
Unamortized debt issuance costs(10,151)(11,746)
Carrying amount of senior convertible notes due 2029$651,096 $649,504 
Schedule of Components of Interest Expense and the Effective Interest Rates
The following table summarizes the components of interest expense and the effective interest rate for the 2029 Notes for the periods shown (in thousands, except percentages):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Contractual coupon interest$2,507 $2,507 $4,987 $4,987 
Amortized debt issuance costs787 771 1,595 1,564 
Total interest expense recognized on senior convertible notes due 2029$3,294 $3,278 $6,582 $6,551 
Effective interest rate2.0 %2.0 %2.0 %2.0 %