Borrowings (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Debt

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

	September 30, 2020		December 31, 2019
Americas revolving credit	$	414,803	$	772,037
Europe revolving credit	1,025,948		1,017,465
Term loan	472,500		425,000
Senior notes	300,000		—
Convertible senior notes	345,000		632,500
	2,558,251		2,847,002
Less: Debt discount and issuance costs	(33,822)		(38,577)
Total	$	2,524,429	$	2,808,425

Schedule of Maturities of Long-term Debt

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

2021	$	10,937
2022	10,937
2023	1,381,120
2024	855,257
Thereafter	300,000
Total	$	2,558,251

Schedule of Liability and Equity Components

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

	September 30, 2020		December 31, 2019
Liability component - principal amount	$	345,000	$	632,500
Unamortized debt discount	(22,562)		(31,414)
Liability component - net carrying amount	$	322,438	$	601,086
Equity component	$	44,910	$	76,216

Schedule of Debt Interest Expense

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Interest expense - stated coupon rate	$	3,695	$	5,175	$	14,045	$	15,525
Interest expense - amortization of debt discount	2,388		3,128		8,852		9,241
Total interest expense - Convertible Notes	$	6,083	$	8,303	$	22,897	$	24,766