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DEBT (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Contractual Obligation, Fiscal Year Maturity Schedule

Carrying value of the Notes:

(in thousands)			December 31, 2022						December 31, 2021
Principal			$	600,000					$	600,000
Unamortized issuance costs			(6,391)						(9,278)
Convertible senior notes, net			$	593,609					$	590,722

Interest expense related to the Notes:

(in thousands)			2022						2021
Contractual interest expense (0.75% coupon)			$	4,500					$	4,500
Amortization of issuance costs			2,888						2,977
			$	7,388					$	7,477

The effective interest rate for the Notes:

			2022						2021
Weighted-average effective interest rate			1.2		%				1.3		%

Future payments of principal and contractual interest:

			December 31, 2022
(in thousands)			Principal						Interest						Total
2023			$	—					$	4,500					$	4,500
2024			—						4,500						4,500
2025			600,000						2,250						602,250
			$	600,000					$	11,250					$	611,250

Schedule of Derivative Instruments

Change in capped call transactions:

(in thousands)			2022						2021
January 1,			$	59,964					$	83,597
Fair value adjustment			(57,382)						(23,633)
December 31,			$	2,582					$	59,964

X

- 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.

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-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 303
-Paragraph (a)
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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.

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