CONVERTIBLE DEBT (Tables)

9 Months Ended

Sep. 30, 2026

The composition of the Company’s convertible senior notes is as follows (in thousands):


	September 30, 2026		December 31, 2025
0.50% convertible senior notes due 2032	$	525,000	$	—
2.25% convertible senior notes due 2029	94,875		316,250
Unamortized debt issuance costs - 0.50% convertible senior notes due 2032	(15,328)		—
Unamortized debt issuance costs - 2.25% convertible senior notes due 2029	(1,037)		(4,526)
Total convertible senior notes, net of unamortized debt issuance costs	$	603,510	$	311,724

The following table sets forth total interest expense recognized related to the 2025, 2029 and 2032 Notes (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Contractual interest expense	$	1,190	$	2,138	$	4,407	$	6,557
Amortization of debt issuance costs	808		420		1,703		1,286
Total interest expense	$	1,998	$	2,558	$	6,110	$	7,843

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details