INDEBTEDNESS (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Summary of Debt Facilities

The following table summarizes the Company’s debt facilities for the periods indicated:

	As of December 31,
	2021			2020
	(in thousands)
Principal amount of the 2024 Notes	$	569,993		$	569,993
Unamortized discount - equity component		—			(98,721	)
Unamortized discount - debt issuance costs		(6,320	)		(6,510	)
Net carrying value of 2024 Notes		563,673			464,762
Principal amount of the 2019 Term Loan		550,000			550,000
Unamortized discounts		(16,797	)		(22,269	)
Net carrying value of 2019 Term Loan		533,203			527,731
Total carrying value of debt facilities	$	1,096,876		$	992,493
Fair value of 2024 Notes	$	846,138		$	1,394,249
Fair value of 2019 Term Loan		576,085			550,000
Total fair value of debt facilities	$	1,422,223		$	1,944,249

Summarizes Total Gross Payments Due under Company's Debt Arrangements

The following table summarizes the total gross payments due under the Company’s debt arrangements:

	As of December 31, 2021
	(in thousands)
2022	$	—
2023		250,000
2024		869,993
2025		—
2026		—
Thereafter		—
Total payments	$	1,119,993

The aggregate annual maturities of long-term debt and interest during the years ending December 31, 2022, 2023 and 2024 are $55.9 million, $305.3 million and $903.4 million, respectively.