Amortization of debt discount and issuance costs(1)
1,351
$
13,164
(1)Amortization based upon an effective interest rate of 4.0%
Fiscal Year Ended
(in thousands)
November 30, 2024
November 30, 2023
November 30, 2022
Contractual interest expense (1% coupon)
$
3,610
$
3,600
$
3,600
Amortization of debt discount and issuance costs(1)
2,174
2,147
2,112
$
5,784
$
5,747
$
5,712
(1)After the adoption of ASU 2020-06, the effective interest rate for the 2026 Notes was 1.63%. Prior to adoption of ASU 2020-06, the effective interest rate for the 2026 Notes was 5.71%.