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INDEBTEDNESS (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Net Carrying Amount of Convertible Notes
The following table summarizes the Company's Notes as of March 31, 2025 (in thousands):
Principal OutstandingUnamortized Debt Issuance CostsNet Carrying Value
2026 Senior Notes$1,000,000 $(3,292)$996,708 
2031 Senior Notes1,000,000 (8,684)991,316 
2032 Senior Notes2,000,000 (24,314)1,975,686 
2026 Convertible Notes575,000 (1,856)573,144 
2027 Convertible Notes575,000 (3,469)571,531 
Total$5,150,000 $(41,615)$5,108,385 

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 condensed consolidated balance sheet.
Interest Expense on Convertible Notes
The Company recognized interest expense on the Notes as follows (in thousands):
Three Months Ended
March 31,
20252024
Contractual interest expense$48,380 $16,130 
Amortization of debt issuance costs2,949 2,562 
Total$51,329 $18,692 
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, 2025
2026$290,989 
2027328,010 
Total$618,999