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INDEBTEDNESS (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Net Carrying Amount of Convertible Notes | The following table summarizes the Company's Notes as of September 30, 2024 (in thousands):
| Principal Outstanding |  | Unamortized Debt Issuance Costs |  | Net Carrying Value
2026 Senior Notes | $ | 1,000,000 |  |  | $ | (4,691) |  |  | $ | 995,309 |
2031 Senior Notes | 1,000,000 |  |  | (9,383) |  |  | 990,617 |
2032 Senior Notes | 2,000,000 |  |  | (25,623) |  |  | 1,974,377 |
2025 Convertible Notes (i) | 1,000,000 |  |  | (1,273) |  |  | 998,727 |
2026 Convertible Notes | 575,000 |  |  | (2,707) |  |  | 572,293 |
2027 Convertible Notes | 575,000 |  |  | (4,134) |  |  | 570,866 |
Total | $ | 6,150,000 |  |  | $ | (47,811) |  |  | $ | 6,102,189 |
(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
2026 Senior Notes | $ | 1,000,000 |  |  |  |  | $ | (6,792) |  |  | $ | 993,208 |
2031 Senior Notes | 1,000,000 |  |  |  |  | (10,433) |  |  | 989,567 |
2025 Convertible Notes | 1,000,000 |  |  |  |  | (3,563) |  |  | 996,437 |
2026 Convertible Notes | 575,000 |  |  |  |  | (3,986) |  |  | 571,014 |
2027 Convertible Notes | 575,000 |  |  |  |  | (5,135) |  |  | 569,865 |
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 September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Contractual interest expense | $ | 48,822 |  |  | $ | 16,291 |  |  | $ | 99,550 |  |  | $ | 49,223 |
Amortization of debt issuance costs | 3,232 |  |  | 2,587 |  |  | 8,717 |  |  | 7,947 |
Total | $ | 52,054 |  |  | $ | 18,878 |  |  | $ | 108,267 |  |  | $ | 57,170 |
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):
| September 30, 2024
2025 (i) | $ | 138,136 |
2026 | 649,841 |
2027 | 177,788 |
Total | $ | 965,765 |
(i) Future scheduled principal payments in 2025 are disclosed as warehouse funding facilities, current within total current liabilities on the condensed consolidated balance sheet.

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