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INDEBTEDNESS (Tables) | 3 Months Ended
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Mar. 31, 2024
Debt Disclosure [Abstract] |
Net Carrying Amount of Convertible Notes | The following table summarizes the Company's Notes as of March 31, 2024 (in thousands):
| Principal Outstanding |  | Unamortized Debt Issuance Costs |  | Net Carrying Value
2031 Senior Notes | $ | 1,000,000 |  |  | $ | (10,085) |  |  | $ | 989,915 |
2026 Senior Notes | 1,000,000 |  |  | (6,095) |  |  | 993,905 |
2027 Convertible Notes | 575,000 |  |  | (4,803) |  |  | 570,197 |
2026 Convertible Notes | 575,000 |  |  | (3,561) |  |  | 571,439 |
2025 Convertible Notes (i) | 1,000,000 |  |  | (2,803) |  |  | 997,197 |
Total | $ | 4,150,000 |  |  | $ | (27,347) |  |  | $ | 4,122,653 |
(i) Net carrying value disclosed as current portion of long-term debt within total current liabilities on the condensed consolidated balance sheet. The following table summarizes the Company's Notes as of December 31, 2023 (in thousands):
| Principal Outstanding |  |  |  | Unamortized Debt Issuance Costs |  | Net Carrying Value
2031 Senior Notes | $ | 1,000,000 |  |  |  |  | $ | (10,433) |  |  | $ | 989,567 |
2026 Senior Notes | 1,000,000 |  |  |  |  | (6,792) |  |  | 993,208 |
2027 Convertible Notes | 575,000 |  |  |  |  | (5,135) |  |  | 569,865 |
2026 Convertible Notes | 575,000 |  |  |  |  | (3,986) |  |  | 571,014 |
2025 Convertible Notes | 1,000,000 |  |  |  |  | (3,563) |  |  | 996,437 |
Total | $ | 4,150,000 |  |  |  |  | $ | (29,909) |  |  | $ | 4,120,091 |
Interest Expense on Convertible Notes | The Company recognized interest expense on the Notes as follows (in thousands):
| Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |
Contractual interest expense | $ | 16,130 |  |  | $ | 16,495 |  |  |  |  |
Amortization of debt issuance costs | 2,562 |  |  | 2,710 |  |  |  |  |
Total | $ | 18,692 |  |  | $ | 19,205 |  |  |  |  |
Amounts Drawn on Facilities by Year of Maturity | The table below summarizes the future scheduled principal payments of amounts drawn on the Company's Warehouse Facilities (in thousands):
| March 31, 2024 |  |
2024 (i) | $ | 353,577 |  |  |
2025 (i) | 100,600 |  |  |
2026 | 500,000 |  |  |
Total | $ | 954,177 |  |  |
(i) Future scheduled principal payments in 2024 as well as a portion of 2025 are disclosed as warehouse funding facilities, current within total current liabilities on the condensed consolidated balance sheet.

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