Company: LPSN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001102993-25-000053
Chunk: 28

Company: LIVEPERSON INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 during the three months ended March 31, 2025 and 2024.Expenditures for routine maintenance and repairs are charged to operating expense as incurred. Major renewals and improvements are capitalized and depreciated over their estimated useful lives.

Note 7. Accrued Expenses and Other Current Liabilities

 The following table presents the detail of accrued expenses and other current liabilities as of the dates presented:March 31,2025December 31,2024(In thousands)Professional services and consulting and other vendor fees$27,557 $30,302 Payroll and other employee-related costs9,397 10,061 Warrants liability (Note 9)8,674 17,498 Accrued interest6,688 998 Restructuring (Note 12)1,206 3,028 Non-income tax559 644 Sales commissions1,882 2,207 Other1,320 1,844 Total accrued expenses and other current liabilities$57,283 $66,582 

Note 8. Convertible Senior Notes, Capped Call Transactions and Warrants

Convertible Senior Notes due 2024 and Capped CallsIn March 2019, the Company issued $230.0 million aggregate principal amount of its 2024 Notes in a private placement. Interest on the 2024 Notes was payable semi-annually in arrears on March 1 and September 1 of each year. On March 21, 2023, the Company entered into individual privately negotiated transactions (the “Note Repurchase Agreements”) with certain holders of its 2024 Notes, pursuant to which the Company agreed to pay an aggregate of $149.7 million in cash for the repurchase of $157.5 million in aggregate principal amount of the 2024 Notes (the “Note 

18

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

Repurchases”). Upon completion of the Note Repurchases, the aggregate principal amount of the 2024 Notes was reduced by $157.5 million to $72.5 million and the carrying amount of the 2024 Notes reduced by $228.3 million to $72.0 million. A corresponding portion of the 2024 capped calls were terminated in connection following the Note Repurchases as required by their terms for minimal consideration.The remaining 2024 Notes matured on March 1, 2024, on which date