DERIVATIVE INSTRUMENTS (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2020

Dec. 31, 2019

DERIVATIVE INSTRUMENTS

Summary of total notional amounts and fair values for derivatives

The following table presents the total notional amounts and fair values for our derivatives (in thousands):

	Notional		Fair Value Derivatives
As of September 30, 2020	Amount		Asset		Liability
Interest rate caps	$	100,000	$	—	$	—
Interest rate lock commitments		24,884		(848)		—

	Notional		Fair Value Derivatives
As of December 31, 2019	Amount		Asset		Liability
Interest rate caps	$	100,000	$	4	$	—
Interest rate lock commitments		3,429		95		—
Embedded conversion options		180,252		—		41,697

The following table presents the total notional amounts and fair values for our derivatives (in thousands):

	Notional		Fair Value Derivatives
As of December 31, 2019	Amount		Asset		Liability
Interest rate caps	$	100,000	$	4	$	—
Embedded conversion options	$	180,252	$	—	$	41,697

	Notional		Fair Value Derivatives
As of December 31, 2018	Amount		Asset		Liability
Interest rate caps	$	366,700	$	1,106	$	—

Summary of net gains and losses recognized on derivatives within the respective line items in the statement of operations

The following table presents the net gains and losses recognized on derivatives within the respective line items in the statements of operations for the periods indicated (in thousands):

	Nine Months Ended
	September 30,
	2020		2019
Net gains (losses) recognized on economic hedges:
Revenue	$	753	$	135
Derivative and warrant fair value adjustment	$	(23,317)	$	—
Other income-net	$	(4)	$	(729)

The following table presents the net gains and losses recognized on derivatives within the respective line items in the statement of operations for the periods indicated (in thousands):

	For the Years Ended
	December 31,
	2019		2018		2017
Other income, net	$	(773)	$	420	$	134