Borrowings (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Schedule of Debt

The Company's borrowings consisted of the following as of the dates indicated (amounts in thousands):

	June 30, 2020		December 31, 2019
Americas revolving credit	$	558,103	$	772,037
Europe revolving credit	999,971		1,017,465
Term loan	420,000		425,000
Convertible senior notes	632,500		632,500
	2,610,574		2,847,002
Less: Debt discount and issuance costs	(30,506)		(38,577)
Total	$	2,580,068	$	2,808,425

Schedule of Maturities of Long-term Debt

The following principal payments are due on the Company's borrowings as of June 30, 2020 for the 12-month periods ending June 30, (amounts in thousands):

2021	$	298,468
2022	966,715
2023	1,345,391
Total	$	2,610,574

Schedule of Liability and Equity Components

The balances of the liability and equity components of the Notes outstanding were as follows as of the dates indicated (amounts in thousands):

	June 30, 2020		December 31, 2019
Liability component - principal amount	$	632,500	$	632,500
Unamortized debt discount	(24,950)		(31,414)
Liability component - net carrying amount	$	607,550	$	601,086
Equity component	$	76,216	$	76,216

Schedule of Debt Interest Expense

Interest expense related to the Notes was as follows for the periods indicated (amounts in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Interest expense - stated coupon rate	$	5,175	$	5,175	$	10,350	$	10,350
Interest expense - amortization of debt discount	3,247		3,071		6,464		6,113
Total interest expense - convertible senior notes	$	8,422	$	8,246	$	16,814	$	16,463