Debt (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Schedule of Convertible Senior Notes

The 2027 Notes consisted of the following components as of March 31, 2022 and December 31, 2021 (in thousands):

	March 31, 2022		December 31, 2021
Liability component:
Principal	$	1,150,000	$	1,150,000
Less: debt discount and issuance costs, net of amortization	(10,113)		(169,030)
Net carrying amount	$	1,139,887	$	980,970
Equity component:	$	—	$	220,529

The 2025 Notes consisted of the following components as of March 31, 2022 and December 31, 2021 (in thousands):

	March 31, 2022		December 31, 2021
Liability component:
Principal	$	1,150,000	$	1,150,000
Less: debt discount and issuance costs, net of amortization	(7,960)		(154,803)
Net carrying amount	$	1,142,040	$	995,197
Equity component:	$	—	$	285,225

Schedule of Interest Expense

The following table sets forth total interest expense included in the condensed consolidated statements of income for the three months ended March 31, 2022 and 2021 (in thousands):

	For the Three Months Ended March 31,
	2022		2021
Amortization of debt discounts and issuance costs	$	1,168	$	17,182
Coupon interest payable on 2025 Notes	359		359
Coupon interest payable on 2027 Notes	1,078		1,078
Interest payable under the Credit Agreement	139		140
Capitalization of interest expense	(49)		(925)
Total interest expense	$	2,695	$	17,834