CONVERTIBLE SENIOR NOTES (Tables)

9 Months Ended

Sep. 30, 2026

The net carrying value of the liability component and unamortized debt issuance costs of the Notes was as follows:


	September 30, 2026		December 31, 2025
2025 convertible senior notes - principal	$	700,000	$	700,000
Less: unamortized debt issuance costs	(21,306)		(24,312)
Convertible senior notes, net	$	678,694	$	675,688

The following table sets forth the interest expense recognized related to the Notes:


	Three Months Ended September 30, 2026		Nine Months Ended September 30, 2026
Contractual interest expense	$	1,313	$	3,908
Amortization of debt issuance costs	1,010		3,005
Total interest expense	$	2,323	$	6,913

Schedule of Derivative Instruments

The following table sets forth key terms and costs incurred for the Capped Calls related to the Notes:


Initial strike price per common share, subject to certain adjustments	$	20.34
Initial cap price per common share, subject to certain adjustments	$	30.70
Capped Call costs	$	53,550
Common shares covered, subject to anti-dilution adjustments	34,417

- 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.

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+ Details