INDEBTEDNESS (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Summary of Debt Facilities

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

	As of December 31,
	2022			2021
	(in thousands)
Principal amount of the 2024 Notes	$	419,371		$	569,993
Principal amount of the 2027 Notes		1,150,000			—
Unamortized discount - debt issuance costs of 2024 Notes		(3,059	)		(6,320	)
Unamortized discount - debt issuance costs of 2027 Notes		(22,020	)		—
Net carrying value of the convertible notes		1,544,292			563,673
Principal amount of the 2019 Term Loan		—			550,000
Unamortized discounts		—			(16,797	)
Net carrying value of 2019 Term Loan		—			533,203
Total carrying value of debt facilities	$	1,544,292		$	1,096,876
Fair value of 2024 Notes	$	765,046		$	846,138
Fair value of 2027 Notes		1,308,482			—
Fair value of 2019 Term Loan		—			576,085
Total fair value of debt facilities	$	2,073,528		$	1,422,223

Summarizes Total Gross Payments Due under Company's Debt Arrangements

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

	As of December 31, 2022
	(in thousands)
2023	$	—
2024		419,371
2025		—
2026		—
2027		1,150,000
Thereafter		—
Total payments	$	1,569,371