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DEBT (Tables) | 6 Months Ended
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Jun. 30, 2022
Debt Disclosure [Abstract] |
Contractual obligation, fiscal year maturity schedule | Carrying value of the Notes:
(in thousands) | June 30, 2022 |  | December 31, 2021
Principal | $ | 600,000 |  |  | $ | 600,000 |
Unamortized issuance costs | (7,839) |  |  | (9,278) |
Convertible senior notes, net | $ | 592,161 |  |  | $ | 590,722 |
Interest expense related to the Notes:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2022 |  | 2021 |  | 2022 |  | 2021
Contractual interest expense (0.75% coupon) | $ | 1,125 |  |  | $ | 1,125 |  |  | $ | 2,250 |  |  | $ | 2,250 |
Amortization of issuance costs | 720 |  |  | 675 |  |  | 1,439 |  |  | 1,348 |
| $ | 1,845 |  |  | $ | 1,800 |  |  | $ | 3,689 |  |  | $ | 3,598 |
The effective interest rate for the Notes:
| Six Months Ended June 30,
| 2022 |  | 2021
Weighted-average effective interest rate | 1.2 | % |  | 1.2 | %
Future payments of principal and contractual interest:
| June 30, 2022
(in thousands) | Principal |  | Interest |  | Total
Remainder of 2022 | $ | — |  |  | $ | 2,250 |  |  | $ | 2,250 |
2023 | — |  |  | 4,500 |  |  | 4,500 |
2024 | — |  |  | 4,500 |  |  | 4,500 |
2025 | 600,000 |  |  | 2,250 |  |  | 602,250 |
| $ | 600,000 |  |  | $ | 13,500 |  |  | $ | 613,500 |
Schedule of derivative instruments | Change in capped call transactions:
| Six Months Ended June 30,
(in thousands) | 2022 |  | 2021
January 1, | $ | 59,964 |  |  | $ | 83,597 |
Fair value adjustment | (49,505) |  |  | 7,192 |
June 30, | $ | 10,459 |  |  | $ | 90,789 |

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- Definition Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 303 -Paragraph (a) -Subparagraph (5) + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959 + Details
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