XML 80 R63.htm IDEA: XBRL DOCUMENT v3.22.0.1
LONG-TERM DEBT, NET - Narrative (Details)
1 Months Ended 12 Months Ended
Oct. 04, 2021
USD ($)
$ / shares
shares
Feb. 13, 2020
USD ($)
Dec. 31, 2021
USD ($)
shares
Oct. 31, 2021
USD ($)
shares
Dec. 31, 2021
USD ($)
trading_day
$ / shares
shares
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Mar. 26, 2021
USD ($)
Jan. 01, 2021
USD ($)
Dec. 31, 2017
USD ($)
Long-term Debt                    
Long-term Debt                 $ 3,840,930,000  
Cash received per share in transaction (USD per share) | $ / shares         $ 3.00          
Call discount (premium)     $ 5,215,000   $ 5,215,000 $ 6,029,000        
Debt issuance costs, net     40,364,000   40,364,000 45,541,000        
Proceeds from stock offering         $ 0 1,421,801,000 $ 0      
New Match Common Stock                    
Long-term Debt                    
Cash received per share in transaction (USD per share) | $ / shares         $ 3.00          
Credit Fcility                    
Long-term Debt                    
Maximum borrowing capacity   $ 750,000,000                
Remaining borrowing capacity     749,600,000   $ 749,600,000 749,800,000        
Credit Fcility | Letter of Credit                    
Long-term Debt                    
Borrowings outstanding under credit facility     400,000   $ 400,000 200,000        
Credit Facility and Term Loan                    
Long-term Debt                    
Maximum leverage ratio         4.0          
Credit Facility and Term Loan | Minimum                    
Long-term Debt                    
Maximum leverage ratio         2.0          
2022 Exchangeable Notes | Exchangeable Notes Hedge                    
Long-term Debt                    
Fair value of bond hedge derivative     $ 32,100,000   $ 32,100,000          
Senior Notes                    
Long-term Debt                    
Threshold trading days | trading_day         20          
Threshold consecutive trading days | trading_day         30          
Exchange price on applicable trading day (as a percent)         130.00%          
Period of reported sale price of common stock         5 days          
Period of consecutive reported sale price of common stock         5 days          
Proportion of product of last reported price (as a percent)         98.00%          
Senior Notes | Maximum                    
Long-term Debt                    
Maximum leverage ratio         5.0          
Senior Notes | 3.625% Senior Notes                    
Long-term Debt                    
Stated interest rate (as a percent)     3.625%   3.625%          
Senior Notes | 4.625% Senior Notes                    
Long-term Debt                    
Stated interest rate (as a percent)     4.625%   4.625%          
Senior Notes | 6.375% Senior Notes                    
Long-term Debt                    
Stated interest rate (as a percent)     6.375%   6.375%          
Call discount (premium)           (12,800,000)        
Debt issuance costs, net           2,900,000        
Senior Notes | 4.125% Senior Notes                    
Long-term Debt                    
Stated interest rate (as a percent)     4.125%   4.125%          
Senior Notes | 5.625% Senior Notes                    
Long-term Debt                    
Stated interest rate (as a percent)     5.625%   5.625%          
Senior Notes | 5.00% Senior Notes                    
Long-term Debt                    
Stated interest rate (as a percent)     5.00%   5.00%          
Senior Notes | Exchangeable Notes | Match Group FinanceCo 2, Inc. & Match Group FinanceCo 3, Inc.                    
Long-term Debt                    
Threshold trading days | trading_day         20          
Threshold consecutive trading days | trading_day         30          
Exchange price on applicable trading day (as a percent)         130.00%          
Redemption price relative to principal amount (as a percent)         100.00%          
Senior Notes | 2022 Exchangeable Notes                    
Long-term Debt                    
Effective interest rate (as a percent)     1.60%   1.60%          
Face amount of debt instrument                   $ 517,500,000
Stated interest rate (as a percent)     0.875%   0.875%          
Call discount (premium)     $ 573,000   $ 573,000 6,511,000        
Aggregate principal amount of debt presented for exchange         18,600,000          
Aggregate principal amount     $ 15,600,000   15,600,000          
Measurement period     40 days              
Debt instrument, repurchase amount $ 414,000,000   $ 3,000,000 $ 414,000,000 $ 3,000,000          
Repayment on Exchangeable Notes $ 1,500,000,000                  
Debt conversion, shares issuable upon conversion (in shares) | shares     5,500,000   5,500,000          
Senior Notes | 2022 Exchangeable Notes | Exchangeable Notes Hedge                    
Long-term Debt                    
Settlement and exchanges of 2022 Exchangeable Notes (shares) | shares 5,534,098     5,500,000 400,000          
Proceeds from exercise of Exchangeable Note Hedges         $ 6,600,000          
Proceeds from stock offering $ 879,000,000     $ 879,000,000            
Debt instrument, convertible, conversion price (in dollars per share) | $ / shares $ 158.83                  
Proceeds from termination of convertible note hedges $ 201,000,000                  
Debt conversion, shares issuable upon conversion (in shares) | shares 9,400,000                  
Senior Notes | 2026 Exchangeable Notes                    
Long-term Debt                    
Effective interest rate (as a percent)     1.20%   1.20%          
Face amount of debt instrument             575,000,000      
Stated interest rate (as a percent)     0.875%   0.875%          
Call discount (premium)     $ 7,130,000   $ 7,130,000 8,700,000        
Senior Notes | 2030 Exchangeable Notes                    
Long-term Debt                    
Effective interest rate (as a percent)     2.20%   2.20%          
Face amount of debt instrument             $ 575,000,000      
Stated interest rate (as a percent)     2.00%   2.00%          
Call discount (premium)     $ 8,638,000   $ 8,638,000 9,627,000        
Senior Notes | 3.625% Senior Notes due 2031                    
Long-term Debt                    
Proceeds from issuance of long-term debt used to repurchase debt $ 420,000,000                  
Term Loan | Term Loan                    
Long-term Debt                    
Long-term Debt     $ 425,000,000   $ 425,000,000 $ 425,000,000        
Effective interest rate (as a percent)     1.91%   1.91% 1.96%        
Term Loan | Term Loan | LIBOR                    
Long-term Debt                    
Basis spread on variable rate (as a percent)   1.75%                
Term Loan | Amended Credit Agreement                    
Long-term Debt                    
Face amount of debt instrument               $ 400,000,000    
Credit Facility | Credit Fcility                    
Long-term Debt                    
Borrowings outstanding under credit facility     $ 0   $ 0 $ 0        
Annual commitment fee (as a percent)         0.25%          
Credit Facility | Credit Fcility | Maximum                    
Long-term Debt                    
Maximum leverage ratio         5.0