v3.24.2.u1
DEBT (Tables)
6 Months Ended
Jun. 30, 2024
DEBT [Abstract]  
Carrying Value of Senior Convertible Notes

June 30, 2024

December 31,

(In thousands)

2024

2023

0.375% Senior Convertible Notes due 2025:

Principal

$

449,987

$

449,987

Unamortized fair value adjustment for acquisition accounting

19,973

33,275

0.375% Senior Convertible Notes due 2025

430,014

416,712

Embedded Conversion Option

471

687

Debt, net of unamortized fair value adjustments for acquisition accounting

$

430,485

$

417,399

Summary of Interest Expense

Three Months June 30,

Six Months Ended June 30,

(In thousands)

2024

2023

2024

2023

Interest expense:

Contractual coupon interest

$

422

$

—

$

844

$

—

Amortization of fair value adjustments for acquisition accounting

6,658

—

13,315

—

Total interest expense recognized on Senior Convertible Notes due 2025

$

7,080

$

—

$

14,160

$

—

Effective interest rates:

Senior Convertible Notes due 2025

6.6%

0.0%

6.6%

0.0%