INDEBTEDNESS (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Summary of Debt Facilities

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

	As of September 30, 2023			As of December 31, 2022
	(in thousands)
Principal amount of the 2024 Notes	$	105,847		$	419,371
Principal amount of the 2027 Notes		1,150,000			1,150,000
Unamortized discount - debt issuance costs of 2024 Notes		(465	)		(3,059	)
Unamortized discount - debt issuance costs of 2027 Notes		(18,627	)		(22,020	)
Total carrying value of debt facilities	$	1,236,755		$	1,544,292
Fair value of 2024 Notes	$	189,297		$	765,046
Fair value of 2027 Notes		1,294,900			1,308,482
Total fair value of debt facilities	$	1,484,197		$	2,073,528

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, 2023
	Principal		Interest		Total Payments
	(in thousands)
2023 (October-December)	$	—	$	794	$	794
2024		105,847		15,963		121,810
2025		—		14,375		14,375
2026		—		14,375		14,375
2027		1,150,000		14,375		1,164,375
Total payments	$	1,255,847	$	59,882	$	1,315,729