Company: IDCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001405495-25-000063
Chunk: 23

Company: InterDigital, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 million common shares to settle the remaining obligation. This issuance was effectively offset by our receipt of 0.3 million shares from the settlement of the 2024 Note Hedge Transactions. Additionally, the 2024 Warrant Transactions settled, on a net-share basis, during September through December 2024 resulting in the issuance of 0.5 million shares.The following table reflects the carrying value of our Convertible Notes long-term debt as of September 30, 2025 and December 31, 2024 (in thousands):September 30, 2025December 31, 20243.50% Senior Convertible Notes due 2027$459,986 $460,000 Less: Deferred financing costs(3,728)(5,261)Net carrying amount of the Convertible Notes456,258 454,739 Less: Current portion of long-term debt(456,258)(454,739)Long-term net carrying amount of the Convertible Notes$— $— 

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The following table presents the amount of interest cost recognized, which is included within "Interest expense" in our condensed consolidated statements of income, for the three and nine months ended September 30, 2025 and 2024 relating to the contractual interest coupon and the amortization of deferred financing costs of the Convertible Notes (in thousands):Three Months Ended September 30,202520242027 Notes2027 Notes2024 NotesTotalContractual coupon interest$4,025 $4,025 $— $4,025 Amortization of deferred financing costs522 483 — 483 Total$4,547 $4,508 $— $4,508 Nine Months Ended September 30,202520242027 Notes2027 Notes2024 NotesTotalContractual coupon interest$12,075 $12,075 $1,059 $13,134 Amortization of deferred financing costs1,533 1,419 252 1,671 Total$13,608 $13,494 $1,311 $14,805 Technicolor Patent Acquisition Long-Term DebtOn July 30, 2018, we completed our acquisition of the patent licensing business of Technicolor SA ("Technicolor"), a worldwide technology leader in the media and entertainment sector (the "Technicolor Patent Acquisition"). In conjunction with the Technicolor Patent Acquisition, we assumed Technicolor’s rights and obligations under a joint licensing