Company: IDCC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001405495-25-000022
Chunk: 59

Company: InterDigital, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 59
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 covered under each of the 2024 Note Hedge Transactions and the 2024 Warrant Transactions were unwound. On June 1, 2024, the 2024 Notes matured and we repaid the remaining $126.2 million in aggregate principal in cash and issued 0.3 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.

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The following table reflects the carrying value of our Convertible Notes long-term debt as of March 31, 2025 and December 31, 2024 (in thousands):March 31, 2025December 31, 20243.50% Senior Convertible Notes due 2027$460,000 $460,000 Less: Deferred financing costs(4,759)(5,261)Net carrying amount of the Convertible Notes455,241 454,739 Less: Current portion of long-term debt(455,241)(454,739)Long-term net carrying amount of the Convertible Notes$— $— 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 months ended March 31, 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 March 31,202520242027 Notes2027 Notes2024 NotesTotalContractual coupon interest$4,025 $4,025 $631 $4,656 Amortization of deferred financing costs502 465 151 616 Total$4,527 $4,490 $782 $5,272 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 program with Sony relating to digital televisions and standalone computer display monitors, which commenced in 2015 (the "Madison