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INDEBTEDNESS (Tables)
 3 Months Ended
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 OutstandingUnamortized Debt Issuance CostsNet Carrying Value
2031 Senior Notes$1,000,000 $(10,085)$989,915 
2026 Senior Notes1,000,000 (6,095)993,905 
2027 Convertible Notes575,000 (4,803)570,197 
2026 Convertible Notes575,000 (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 OutstandingUnamortized Debt Issuance CostsNet Carrying Value
2031 Senior Notes$1,000,000 $(10,433)$989,567 
2026 Senior Notes1,000,000 (6,792)993,208 
2027 Convertible Notes575,000 (5,135)569,865 
2026 Convertible Notes575,000 (3,986)571,014 
2025 Convertible Notes1,000,000 (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,
20242023
Contractual interest expense$16,130 $16,495 
Amortization of debt issuance costs2,562 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 
2026500,000 
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.