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LONG-TERM DEBT, NET (Tables) | 6 Months Ended
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Jun. 30, 2020
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt | Long-term debt consists of:
| June 30, 2020 |  | December 31, 2019
| (In thousands) |  |
Credit Facility due February 13, 2025 | $ | 20,000 |  |  | $ | — |
Term Loan due February 13, 2027 (the “Term Loan”) | 425,000 |  |  | 425,000 |
6.375% Senior Notes due June 1, 2024 (the “6.375% Senior Notes”); interest payable each June 1 and December 1 | — |  |  | 400,000 |
5.00% Senior Notes due December 15, 2027 (the “5.00% Senior Notes”); interest payable each June 15 and December 15 | 450,000 |  |  | 450,000 |
4.625% Senior Notes due June 1, 2028 (the “4.625% Senior Notes”); interest payable each June 1 and December 1, commencing December 1, 2020 | 500,000 |  |  | — |
5.625% Senior Notes due February 15, 2029 (the “5.625% Senior Notes”); interest payable each February 15 and August 15 | 350,000 |  |  | 350,000 |
4.125% Senior Notes due August 1, 2030 (the “4.125% Senior Notes”); interest payable each February 1 and August 1, commencing August 1, 2020 | 500,000 |  |  | — |
0.875% Exchangeable Senior Notes due October 1, 2022 (the “2022 Exchangeable Notes”); interest payable each April 1 and October 1 | 517,500 |  |  | 517,500 |
0.875% Exchangeable Senior Notes due June 15, 2026 (the “2026 Exchangeable Notes”); interest payable each June 15 and December 15 | 575,000 |  |  | 575,000 |
2.00% Exchangeable Senior Notes due January 15, 2030 (the “2030 Exchangeable Notes”); interest payable each January 15 and July 15 | 575,000 |  |  | 575,000 |
Total debt | 3,912,500 |  |  | 3,292,500 |
Less: Unamortized original issue discount | 336,069 |  |  | 357,887 |
Less: Unamortized debt issuance costs | 48,771 |  |  | 44,987 |
Total long-term debt, net | $ | 3,527,660 |  |  | $ | 2,889,626 |
The following table presents details of the exchangeable features under the amended Match Group terms:
| Number of shares of the Company’s Common Stock into which each $1,000 of Principal of the Exchangeable Notes is Exchangeable(a) |  | Approximate Equivalent Exchange Price per Share(a) |  | Exchangeable Date
2022 Exchangeable Notes | 22.7331 |  | $ | 43.99 |  |  | July 1, 2022
2026 Exchangeable Notes | 11.4259 |  | $ | 87.52 |  |  | March 15, 2026
2030 Exchangeable Notes | 11.8739 |  | $ | 84.22 |  |  | October 15, 2029
______________________ (a)Subject to adjustment upon the occurrence of specified events.
Schedule of Exchangeable Notes Hedges and Warrants | The following tables sets forth the components of the Exchangeable Notes:
| June 30, 2020 |  |  |  |
| 2022 Exchangeable Notes |  | 2026 Exchangeable Notes |  | 2030 Exchangeable Notes
| (In thousands) |  |  |  |
Liability component: |  |  |  |  |
Principal | $ | 517,500 |  |  | $ | 575,000 |  |  | $ | 575,000 |
Less: unamortized original issue discount | 33,779 |  |  | 120,585 |  |  | 175,281 |
Net carrying value of the liability component | $ | 483,721 |  |  | $ | 454,415 |  |  | $ | 399,719 |
Equity component | $ | 70,363 |  |  | $ | 138,796 |  |  | $ | 189,213 |
| December 31, 2019 |  |  |  |
| 2022 Exchangeable Notes |  | 2026 Exchangeable Notes |  | 2030 Exchangeable Notes
| (In thousands) |  |  |  |
Liability component: |  |  |  |  |
Principal | $ | 517,500 |  |  | $ | 575,000 |  |  | $ | 575,000 |
Less: unamortized original issue discount | 40,768 |  |  | 129,037 |  |  | 181,800 |
Net carrying value of the liability component | $ | 476,732 |  |  | $ | 445,963 |  |  | $ | 393,200 |
Equity component | $ | 70,363 |  |  | $ | 138,796 |  |  | $ | 189,213 |
The following tables present details of the Exchangeable Notes Hedges and Warrants under the amended Match Group terms:
| Number of Shares(a) |  | Approximate Equivalent Exchange Price per Share(a)
| (Shares in millions) |  |
2022 Exchangeable Notes Hedge | 11.8 |  | $ | 43.99 |
2026 Exchangeable Notes Hedge | 6.6 |  | $ | 87.52 |
2030 Exchangeable Notes Hedge | 6.8 |  | $ | 84.22 |
| Number of Shares(a) |  | Weighted Average Strike Price per Share(a)
| (Shares in millions) |  |
2022 Exchangeable Notes Warrants | 11.8 |  | $ | 68.14 |
2026 Exchangeable Notes Warrants | 6.6 |  | $ | 135.58 |
2030 Exchangeable Notes Warrants | 6.8 |  | $ | 135.58 |
______________________ (a)Subject to adjustment upon the occurrence of specified events.
Schedule of Interest Expense, Exchangeable Notes | The following table sets forth interest expense recognized related to the Exchangeable Notes:
| Three Months Ended June 30, 2020 |  |  |  |
| 2022 Exchangeable Notes |  | 2026 Exchangeable Notes |  | 2030 Exchangeable Notes
| (In thousands) |  |  |  |
Contractual interest expense | $ | 1,132 |  |  | $ | 1,258 |  |  | $ | 2,875 |
Amortization of original issue discount | 3,535 |  |  | 4,235 |  |  | 3,273 |
Amortization of debt issuance costs | 875 |  |  | 321 |  |  | 178 |
Total interest expense recognized | $ | 5,542 |  |  | $ | 5,814 |  |  | $ | 6,326 |
| Six Months Ended June 30, 2020 |  |  |  |
| 2022 Exchangeable Notes |  | 2026 Exchangeable Notes |  | 2030 Exchangeable Notes
| (In thousands) |  |  |  |
Contractual interest expense | $ | 2,264 |  |  | $ | 2,516 |  |  | $ | 5,750 |
Amortization of original issue discount | 6,989 |  |  | 8,452 |  |  | 6,519 |
Amortization of debt issuance costs | 1,730 |  |  | 640 |  |  | 354 |
Total interest expense recognized | $ | 10,983 |  |  | $ | 11,608 |  |  | $ | 12,623 |
| Three Months Ended June 30, 2019 |  |  |  |
| 2022 Exchangeable Notes |  | 2026 Exchangeable Notes |  | 2030 Exchangeable Notes
| (In thousands) |  |  |  |
Contractual interest expense | $ | 1,132 |  |  | $ | 447 |  |  | $ | 1,022 |
Amortization of original issue discount | 3,396 |  |  | 1,499 |  |  | 1,146 |
Amortization of debt issuance costs | 871 |  |  | 131 |  |  | 85 |
Total interest expense recognized | $ | 5,399 |  |  | $ | 2,077 |  |  | $ | 2,253 |
| Six Months Ended June 30, 2019 |  |  |  |
| 2022 Exchangeable Notes |  | 2026 Exchangeable Notes |  | 2030 Exchangeable Notes
| (In thousands) |  |  |  |
Contractual interest expense | $ | 2,264 |  |  | $ | 447 |  |  | $ | 1,022 |
Amortization of original issue discount | 6,759 |  |  | 1,499 |  |  | 1,146 |
Amortization of debt issuance costs | 1,742 |  |  | 131 |  |  | 85 |
Total interest expense recognized | $ | 10,765 |  |  | $ | 2,077 |  |  | $ | 2,253 |
Schedule of If-Converted Value in Excess of Principal | The following table presents the if-converted value that exceeded the principal of each note based on the Company’s stock price June 30, 2020 and December 31, 2019, respectively. The amounts for June 30, 2020 represent the exchange occurring under the Match Group terms and for December 31, 2019 represent the exchange occurring under Former IAC terms.
| June 30, 2020 |  | December 31, 2019
| (In millions) |  |
2022 Exchangeable Notes | $ | 706.6 |  |  | $ | 329.6 |
2026 Exchangeable Notes | $ | 108.6 |  |  | N/A
2030 Exchangeable Notes | $ | 135.4 |  |  | N/A

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- Definition Tabular disclosure of borrowings which can be exchanged for a specified number of another security at the option of the issuer or the holder. Disclosures include, but are not limited to, principal amount, amortized premium or discount, and amount of liability and equity components. + References No definition available. + Details
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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775 + Details
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