CONVERTIBLE NOTES (Tables)

12 Months Ended

Dec. 31, 2013

The Notes consist of the following (in thousands):


	Year Ended December 31, 2013
Liability component:
Principal	$	1,437,500
Less: note discount		(326,915	)

Net carrying amount	$	1,110,585

Equity component(*)	$	305,569

(*)	Recorded in the consolidated balance sheet within additional paid-in capital.

Interest Expense Recognized Related To Notes

The following table sets forth total interest expense recognized related to the Notes (in thousands):


	Year Ended December 31, 2013
Accretion of convertible note discount	$	4,846

Fair Value and Carrying Value of Notes

As of December 31, the fair value of the Notes, which was determined based on inputs that are observable in the market (Level 2) and carrying value of debt instruments (carrying value excludes the equity component of the Company’s Notes classified in equity) was as follows:


	2013
	Fair Value		Carrying Value
Convertible senior notes	$	1,111,473	$	1,110,585