v3.26.1
Debt (Tables)
3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Debt
The following table summarizes our total outstanding borrowings:
RateMaturity DateMarch 31, 2026December 31, 2025
2024 Credit Agreement - Revolving credit facility
S + 1.125%
September 2029$— $— 
Convertible Senior Notes due 20260.25%March 2026— 600,000 
Total borrowings— 600,000 
Less: unamortized debt discount and debt issuance costs— (337)
Total borrowings, net— 599,663 
Current portion of convertible senior notes due 2026, net — 599,663 
Total Debt $— $599,663 
The following sets forth the interest expense recognized related to the borrowings and commitment fees for unused portions under the 2024 Credit Agreement and Convertible Senior Notes and is included in interest expense in the accompanying condensed consolidated statements of income:
Three Months Ended March 31,
20262025
Contractual interest expense - Revolving Credit Facility$(218)$(239)
Contractual interest expense - Convertible Senior Notes(313)(375)
Amortization of debt discount and debt issuance costs (535)(632)
Total $(1,066)$(1,246)