INDEBTEDNESS (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Summary of Debt Facilities

The following table summarizes the Company’s debt instruments for each of the periods indicated:

	As of September 30, 2024			As of December 31, 2023
	(in thousands)
Principal amount of the 2024 Notes	$	91,640		$	105,847
Principal amount of the 2027 Notes		1,150,000			1,150,000
Unamortized discount - debt issuance costs of 2024 Notes		(45	)		(364	)
Unamortized discount - debt issuance costs of 2027 Notes		(14,035	)		(17,485	)
Total carrying value of debt instruments	$	1,227,560		$	1,237,998
Fair value of 2024 Notes	$	171,154		$	144,833
Fair value of 2027 Notes		1,307,930			1,172,276
Total fair value of debt instruments	$	1,479,084		$	1,317,109

Summarizes Total Gross Payments Due under Company's Debt Arrangements

The following table summarizes the total principal and contractual interest payments due under the Company’s debt arrangements:

	As of September 30, 2024
	Principal		Interest		Total Payments
	(in thousands)
2024 (October-December)	$	91,640	$	711	$	92,351
2025		—		14,375		14,375
2026		—		14,375		14,375
2027		1,150,000		14,375		1,164,375
Total payments	$	1,241,640	$	43,836	$	1,285,476