Company: IDCC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001405495-25-000051
Chunk: 32

Company: InterDigital, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 due 2027$460,000 $460,000 Less: Deferred financing costs(4,250)(5,261)Net carrying amount of the Convertible Notes455,750 454,739 Less: Current portion of long-term debt(455,750)(454,739)Long-term net carrying amount of the Convertible Notes$— $— 

14

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 six months ended June 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 June 30,202520242027 Notes2027 Notes2024 NotesTotalContractual coupon interest$4,025 $4,025 $428 $4,453 Amortization of deferred financing costs509 471 101 572 Total$4,534 $4,496 $529 $5,025 Six Months Ended June 30,202520242027 Notes2027 Notes2024 NotesTotalContractual coupon interest$8,050 $8,050 $1,059 $9,109 Amortization of deferred financing costs1,011 936 252 1,188 Total$9,061 $8,986 $1,311 $10,297 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 Arrangement"). An affiliate of CPPIB Credit Investments Inc. ("CPPIB Credit"), a wholly owned subsidiary of Canada Pension Plan Investment Board, is a third-party investor in the Madison Arrangement. CPPIB Credit made certain payments to Technicolor and Sony and agreed to contribute cash to fund certain capital reserve obligations under the arrangement in exchange for a percentage of future revenue, specifically through September 11, 2030 in regard to the Technicolor patents. Upon our assumption of Technicolor’s rights and obligations under the Madison Arrangement