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LONG-TERM DEBT, NET (Tables) | 6 Months Ended
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Jun. 30, 2021
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt | Long-term debt consists of:
| June 30, 2021 |  | December 31, 2020
| (In thousands)
Revolving Credit Facility due February 13, 2025 (the “Credit Facility”) | $ | — |  |  | $ | — |
Term Loan due February 13, 2027 (the “Term Loan”) | 425,000 |  |  | 425,000 |
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 | 500,000 |  |  | 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 | 500,000 |  |  | 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 | 3,892,500 |  |  | 3,892,500 |
Less: Unamortized original issue discount | 5,628 |  |  | 6,029 |
Less: Unamortized debt issuance costs | 41,317 |  |  | 45,541 |
Total long-term debt, net | $ | 3,845,555 |  |  | $ | 3,840,930 |
The following table presents details of the exchangeable features:
| 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 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 on June 30, 2021 and December 31, 2020.
| June 30, 2021 |  | December 31, 2020
| (In millions)
2022 Exchangeable Notes | $ | 1,379.5 |  |  | $ | 1,261.2 |
2026 Exchangeable Notes | $ | 484.4 |  |  | $ | 418.3 |
2030 Exchangeable Notes | $ | 525.9 |  |  | $ | 457.2 |
Schedule of Exchangeable Notes Hedges and Warrants | The following table sets forth the components of the Exchangeable Senior Notes within long-term debt, net:
| June 30, 2021 |  | December 31, 2020
| 2022 Exchangeable Notes |  | 2026 Exchangeable Notes |  | 2030 Exchangeable Notes |  | 2022 Exchangeable Notes |  | 2026 Exchangeable Notes |  | 2030 Exchangeable Notes
| (In thousands)
Principal | $ | 517,500 |  |  | $ | 575,000 |  |  | $ | 575,000 |  |  | $ | 517,500 |  |  | $ | 575,000 |  |  | $ | 575,000 |
Less: Unamortized debt issuance costs | 4,684 |  |  | 7,912 |  |  | 9,127 |  |  | 6,511 |  |  | 8,700 |  |  | 9,627 |
Net carrying value included in long-term debt, net | $ | 512,816 |  |  | $ | 567,088 |  |  | $ | 565,873 |  |  | $ | 510,989 |  |  | $ | 566,300 |  |  | $ | 565,373 |
The following tables present details of the Exchangeable Notes Hedges and Warrants:
| 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 |  | $ | 68.22 |
2026 Exchangeable Notes Warrants | 6.6 |  | $ | 134.76 |
2030 Exchangeable Notes Warrants | 6.8 |  | $ | 134.82 |
______________________ (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 Senior Notes:
| Three Months Ended June 30, 2021 |  | Three Months Ended June 30, 2020
| 2022 Exchangeable Notes |  | 2026 Exchangeable Notes |  | 2030 Exchangeable Notes |  | 2022 Exchangeable Notes |  | 2026 Exchangeable Notes |  | 2030 Exchangeable Notes
| (In thousands)
Contractual interest expense | $ | 1,132 |  |  | $ | 1,258 |  |  | $ | 2,875 |  |  | $ | 1,132 |  |  | $ | 1,258 |  |  | $ | 2,875 |
Amortization of debt issuance costs | 920 |  |  | 387 |  |  | 243 |  |  | 905 |  |  | 380 |  |  | 237 |
Total interest expense recognized | $ | 2,052 |  |  | $ | 1,645 |  |  | $ | 3,118 |  |  | $ | 2,037 |  |  | $ | 1,638 |  |  | $ | 3,112 |
| Six Months Ended June 30, 2021 |  | Six Months Ended June 30, 2020
| 2022 Exchangeable Notes |  | 2026 Exchangeable Notes |  | 2030 Exchangeable Notes |  | 2022 Exchangeable Notes |  | 2026 Exchangeable Notes |  | 2030 Exchangeable Notes
| (In thousands)
Contractual interest expense | $ | 2,264 |  |  | $ | 2,516 |  |  | $ | 5,750 |  |  | $ | 2,264 |  |  | $ | 2,516 |  |  | $ | 5,750 |
Amortization of debt issuance costs | 1,827 |  |  | 788 |  |  | 500 |  |  | 1,803 |  |  | 760 |  |  | 472 |
Total interest expense recognized | $ | 4,091 |  |  | $ | 3,304 |  |  | $ | 6,250 |  |  | $ | 4,067 |  |  | $ | 3,276 |  |  | $ | 6,222 |

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