v3.24.2.u1
DEBT AND FINANCING ARRANGEMENTS (Tables)
 6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Debt
Our debt consists of the following (in thousands):
June 30, 2024December 31, 2023
Line of Credit$— $30,000 
2024 Convertible Senior Notes, net167,168 — 
2020 Convertible Senior Notes, net45,717 227,504 
Total debt$212,885 $257,504 
Convertible Debt
The net carrying amount of the liability component of the 2024 Convertible Senior Notes is as follows (in thousands):

June 30, 2024
Principal$172,500 
Minus:
Unamortized issuance costs(5,332)
Net carrying amount$167,168 

Interest expense recognized related to the 2024 Convertible Senior Notes is as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
20242024
Contractual interest expense (due in cash)$1,812 $1,812 
Amortization of debt issuance costs277 277 
Total interest expense related to the 2024 Convertible Senior Notes$2,089 $2,089 
Effective interest rate4.84 %4.84 %
The net carrying amount of the liability component of the 2020 Convertible Senior Notes is as follows (in thousands):

June 30, 2024December 31, 2023
Principal$46,070 $230,000 
Minus:
Unamortized issuance costs(353)(2,496)
Net carrying amount of the liability component$45,717 $227,504 

Interest expense recognized related to the 2020 Convertible Senior Notes is as follows (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Contractual interest expense (due in cash)$115 $575 $690 $1,150 
Amortization of debt issuance costs73 365 438 730 
Total interest expense related to the 2020 Convertible Senior Notes$188 $940 $1,128 $1,880 
Effective interest rate1.64 %1.64 %1.64 %1.64 %