INDEBTEDNESS (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Net Carrying Amount of Convertible Notes

The net carrying amount of the Notes as of June 30, 2023 were as follows (in thousands):

	Principal Outstanding		Unamortized Debt Issuance Costs		Net Carrying Value
2031 Senior Notes	$	1,000,000	$	(11,137)	$	988,863
2026 Senior Notes	1,000,000		(8,201)		991,799
2027 Convertible Notes	575,000		(5,806)		569,194
2026 Convertible Notes	575,000		(4,843)		570,157
2025 Convertible Notes	1,000,000		(5,097)		994,903
Total	$	4,150,000	$	(35,084)	$	4,114,916

The net carrying amount of the Notes as of December 31, 2022 were as follows (in thousands):

	Principal Outstanding		Unamortized Debt Issuance Costs		Net Carrying Value
2031 Senior Notes	$	1,000,000	$	(11,829)	$	988,171
2026 Senior Notes	1,000,000		(9,586)		990,414
2027 Convertible Notes	575,000		(6,465)		568,535
2026 Convertible Notes	575,000		(5,685)		569,315
2025 Convertible Notes	1,000,000		(6,606)		993,394
2023 Convertible Notes (i)	460,630		(274)		460,356
Total	$	4,610,630	$	(40,445)	$	4,570,185

(i) Net carrying value disclosed as current portion of long-term debt within total current liabilities on the condensed consolidated balance sheet.

Interest Expense on Convertible Notes

The Company recognized interest expense on the Notes as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Contractual interest expense	$	16,437	$	16,700	$	32,932	$	33,166
Amortization of debt issuance costs	2,651		2,738		5,360		5,442
Total	$	19,088	$	19,438	$	38,292	$	38,608

Amounts Drawn on Facilities by Year of Maturity

The table below summarizes the amounts drawn on these facilities by year of maturity (in thousands):

	June 30, 2023
2023	$	339,727
2024	480,443
Total funding debt, net of deferred debt issuance costs	$	820,170