Annual report pursuant to Section 13 and 15(d)

DEBT (Tables)

v3.24.0.1
DEBT (Tables)
12 Months Ended
Dec. 31, 2023
DEBT  
Schedule of debt instruments

The 2027 Notes are valued as a single liability measured at amortized cost, which approximates fair value, as no other features require bifurcation and recognition as derivatives. The following table presents the outstanding principal amount and carrying value of the 2027 Notes as of the date indicated (in thousands):

    

December 31, 

December 31, 

    

2023

2022

Principal

$

115,000

$

115,000

Unamortized debt discount

(1,924)

(2,502)

Unamortized debt issuance costs

 

(511)

 

(664)

Net carrying value

$

112,565

$

111,834

Schedule of interest expense on debt

The annual effective interest rate for the 2027 Notes was approximately 6.1%. Interest expense related to the 2027 Notes for the periods presented below are as follows (in thousands):

Year Ended

Year Ended

December 31, 2023

December 31, 2022

Coupon interest

$

6,995

$

4,389

Amortization of debt discount

576

358

Amortization of transaction costs

152

 

95

Total interest expense

$

7,723

$

4,842