Quarterly report pursuant to Section 13 or 15(d)

Borrowings (Tables)

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Borrowings (Tables)
 3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Components of Long-Term Debt, Net
Long-Term Debt
Our long-term debt, net consists of the following (in thousands).
As of
Annual Interest Rate Maturity Date March 31, 2024 December 31, 2023
Convertible Senior Notes 3.0  % May 1, 2028 $ 172,500  $ 172,500 
Long-term loans
Floating rate 3.4  % June 30, 2027 370  385 
Floating rate 3.4  % June 30, 2028 370  385 
Fixed rate 5.2  % February 1, 2025 —  1,036 
Fixed rate 5.3  % September 19, 2024 1,480  1,540 
Total Convertible Senior Notes and other borrowings 174,720  175,846 
Less: unamortized debt issuance costs (4,872) (5,142)
Long-term debt 169,848  170,704 
Current portion of long-term debt (1,573) (1,605)
Long-term debt, net $ 168,275  $ 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 Condensed Consolidated Statements of Operations (in thousands).
Quarter Ended
March 31, 2024
Coupon interest $ 1,294 
Amortization of debt issuance costs 270 
Total interest expense on Convertible Senior Notes 1,564 
Loan interest 95 
Total interest expenses related to Convertible Senior Notes and loans $ 1,659 
Schedule of Maturities of Long-Term Debt
The following table summarizes our long-term debt maturities, based on outstanding principal by years (in thousands).
March 31, 2024
2024 (remaining 9 months) $ 1,542 
2025 185 
2026 246 
2027 185 
2028 172,562 
Total gross amount of long-term debt $ 174,720