v3.24.2
DEBT (Tables)
 6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
The carrying value of the Company’s outstanding debt is summarized as follows (in thousands):
June 30,December 31,
20242023
Term loan A facility maturing March 2028$109,751 $115,202 
2.125% Convertible senior notes due May 2029
278,394 — 
0.750% Convertible senior notes due August 2025
201,155 398,594 
3.375% Convertible senior notes due May 2024 (1)
— 8,641 
     Total$589,300 $522,437 
(1) The 3.375% convertible senior notes due May 2024 matured and were repaid on May 1, 2024.
Schedule of Composition of the Company's Debt and Financing Obligations
The total debt composition of the TLA Term Loan is as follows (in thousands):
June 30,December 31,
20242023
Term loan A facility maturing March 2028$110,938 $116,563 
Deferred financing costs(861)(988)
Discount on debt(326)(373)
     Total debt, net of debt discount and deferred financing costs$109,751 $115,202 
The total debt composition of the 2029 Notes is as follows (in thousands):
June 30,
2024
2.125% convertible senior notes due May 2029
$287,500 
Deferred financing costs(9,106)
     Total debt, net of deferred financing costs$278,394 
The total debt composition of the 2025 Notes is as follows (in thousands):
June 30,December 31,
20242023
0.750% convertible senior notes due August 2025
$202,500 $402,500 
Deferred financing costs(1,345)(3,906)
     Total debt, net of deferred financing costs$201,155 $398,594 
Schedule of Total Interest Expense Recognized Related to the Notes
The following table sets forth the total interest expense recognized in the periods presented (dollar amounts in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Contractual interest expense$3,797 $3,849 $7,108 $13,199 
Amortization of debt issuance costs763 691 1,444 1,628 
Amortization of debt discount23 28 47 703 
Capitalized interest (Note 5)
(699)(703)(1,399)(2,076)
        Total$3,884 $3,865 $7,200 $13,454 
Effective interest rate on total debt2.99 %3.16 %2.98 %4.38 %