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INDEBTEDNESS (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
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):
December 31,
2024
2025 (i)
$185,000 
2026533,609 
2027763,071 
Total$1,481,680 

(i) Future scheduled principal payments in 2025 are disclosed as warehouse funding facilities, current portion within total current liabilities on the consolidated balance sheet.
Net Carrying Amount of Convertible Notes
The following table summarizes the Company's Notes as of December 31, 2024 (in thousands):
Principal OutstandingUnamortized Debt Issuance CostsNet Carrying Value
2026 Senior Notes$1,000,000 $(3,983)$996,017 
2031 Senior Notes1,000,000 (9,029)990,971 
2032 Senior Notes2,000,000 (24,974)1,975,026 
2025 Convertible Notes (i)
1,000,000 (503)999,497 
2026 Convertible Notes575,000 (2,277)572,723 
2027 Convertible Notes575,000 (3,798)571,202 
Total$6,150,000 $(44,564)$6,105,436 

(i) Net carrying value disclosed as current portion of long-term debt within total current liabilities on the 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):
Year Ended December 31,
202420232022
Contractual interest expense$148,425 $65,566 $66,910 
Amortization of debt issuance costs
11,964 10,538 10,979 
Total$160,389 $76,104 $77,889