Annual report pursuant to Section 13 and 15(d)

Borrowings (Tables)

v3.24.0.1
Borrowings (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Components of Long-Term Debt, Net
The Company’s long-term debt, net consists of the following (in thousands).
Annual Interest Rate Maturity Date As of December 31, 2023
Convertible Senior Notes 3.0  % May 1, 2028 $ 172,500 
Long-term loans
Floating rate 3.4  % June 30, 2027 385 
Floating rate 3.4  % June 30, 2028 385 
Fixed rate 5.2  % February 1, 2025 1,036 
Fixed rate 5.3  % September 19, 2024 1,540 
Total Convertible Senior Notes and other borrowings 175,846 
Less: unamortized debt issuance costs (5,142)
Long-term debt 170,704 
Current portion of long-term debt (1,605)
Long-term debt, net $ 169,099 
Schedule of Interest Expense Related to Convertible Notes
The following table summarizes the interest expenses related to Convertible Senior Notes and loans, which are recorded within Interest expense in the Consolidated Statements of Operations (in thousands).
2023
Coupon interest $ 3,608 
Amortization of debt issuance costs 775 
Total interest expense on Convertible Senior Notes 4,383 
Loan interest 64 
Total interest expenses related to Convertible Senior Notes and loans $ 4,447 
Schedule of Maturities of Long-Term Debt
The following table summarizes the Company’s long-term debt maturities, based on outstanding principal by years (in thousands).
As of December 31, 2023
2024 $ 1,605 
2025 1,228 
2026 256 
2027 192 
2028 172,565 
Total gross amount of long-term debt $ 175,846