v3.24.3
DEBT (Tables)
9 Months Ended
Sep. 30, 2024
DEBT [Abstract]  
Carrying Value of Senior Convertible Notes

September 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

13,315

33,275

0.375% Senior Convertible Notes due 2025:

436,672

416,712

Embedded Conversion Option

471

687

Debt, net of unamortized fair value adjustments for acquisition accounting

$

437,142

$

417,399

Summary of Interest Expense

Three Months September 30,

Nine Months Ended September 30,

(In thousands)

2024

2023

2024

2023

Interest expense:

Contractual coupon interest

$

422

$

141

$

1,266

$

141

Amortization of fair value adjustments for acquisition accounting

6,658

223

19,973

223

Total interest expense recognized on Senior Convertible Notes due 2025

$

7,080

$

364

$

21,239

$

364

Effective interest rates:

Senior Convertible Notes due 2025

6.5%

1.1%

6.5%

1.1%