v3.26.1
Convertible Senior Notes (Tables) - 6.75% Convertible Senior Notes
6 Months Ended
Jun. 30, 2026
Convertible Senior Notes  
Schedule of changes in debt

The change in the carrying amount of the 6.75% Convertible Senior Notes during the six months ended June 30, 2026 was as follows (in thousands):

Beginning balance as of December 31, 2025

$

431,014

Change in fair value of the convertible senior notes

70,782

Amortization of discount

974

Ending balance as of March 31, 2026

$

502,770

Change in fair value of the convertible senior notes

74,235

Amortization of discount

993

Ending balance as of June 30, 2026

$

577,998

Schedule of interest expense

The following table summarizes the total interest expense and effective interest rate related to the 6.75% Convertible Senior Notes during the three and six months ended June 30, 2026 (in thousands, except for the effective interest rate):

Three months ended

Six months ended

June 30, 2026

June 30, 2026

Interest expense

$

7,377

$

14,555

Amortization of discount

993

1,967

Total

$

8,370

$

16,522

Effective interest rate

7.7%

7.7%