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FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables present the Company’s financial instruments that are measured at fair value on a recurring basis:
 June 30, 2025
 Quoted Market
Prices in Active
Markets for
Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Total
Fair Value
Measurements
 (In thousands)
Assets:  
Cash equivalents:  
Money market funds$62,478 $— $62,478 
Time deposits— 112,509 112,509 
Short-term investments:
Time deposits— 5,172 5,172 
Intangible assets:
Digital assets (cost basis of $1,167)
927 — 927 
Total$63,405 $117,681 $181,086 
 December 31, 2024
 Quoted Market
Prices in Active
Markets for
Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Total
Fair Value
Measurements
 (In thousands)
Assets:  
Cash equivalents:  
Money market funds$264,008 $— $264,008 
Time deposits— 121,000 121,000 
Short-term investments:
Time deposits— 4,734 4,734 
Total$264,008 $125,734 $389,742 
Schedule of Carrying Value and Fair Value of Financial Instruments
The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes.
June 30, 2025December 31, 2024
Carrying ValueFair ValueCarrying ValueFair Value
(In thousands)
Current maturities of long-term debt (a) (b)
$(573,424)$(554,300)$— $— 
Long-term debt, net (a) (b)
$(2,855,277)$(2,705,516)$(3,848,983)$(3,578,976)
______________________
(a)At June 30, 2025, the carrying value of current maturities of long-term debt, net includes unamortized debt issuance costs of $1.6 million. At June 30, 2025 and December 31, 2024, the carrying value of long-term debt, net includes unamortized original issue discount and debt issuance costs of $19.7 million and $26.0 million, respectively.
(b)At June 30, 2025, the fair value of the 2026 Exchangeable Notes and 2030 Exchangeable Notes (described in “Note 4—Long-term Debt, net”) is $554.3 million and $511.8 million, respectively. At December 31, 2024, the fair value of the 2026 Exchangeable Notes and 2030 Exchangeable Notes is $541.2 million and $498.0 million, respectively.