Debt (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Convertible Senior Notes

The 2027 Notes consisted of the following components as of June 30, 2022 and December 31, 2021 (in thousands):

	June 30, 2022		December 31, 2021
Liability component:
Principal	$	1,150,000	$	1,150,000
Less: debt discount and issuance costs, net of amortization	(9,644)		(169,030)
Net carrying amount	$	1,140,356	$	980,970
Equity component:	$	—	$	220,529

The 2025 Notes consisted of the following components as of June 30, 2022 and December 31, 2021 (in thousands):

	June 30, 2022		December 31, 2021
Liability component:
Principal	$	1,150,000	$	1,150,000
Less: debt discount and issuance costs, net of amortization	(7,319)		(154,803)
Net carrying amount	$	1,142,681	$	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 and six months ended June 30, 2022 and 2021 (in thousands):

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2022		2021		2022		2021
Amortization of debt discounts and issuance costs	$	1,169	$	17,343	$	2,337	$	34,525
Coupon interest payable on 2025 Notes	359		359		718		718
Coupon interest payable on 2027 Notes	1,078		1,078		2,156		2,156
Interest payable under the Credit Agreement	404		140		543		280
Capitalization of interest expense	(78)		(883)		(127)		(1,808)
Total interest expense	$	2,932	$	18,037	$	5,627	$	35,871