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DEBT (Tables) | 3 Months Ended
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Mar. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Debt | The following table provides information regarding the Company’s debt.
| March 31, 2022 |  | December 31, 2021
| (In thousands)
Convertible notes |  |  |
Notes due 2028 | $ | 575,000 |  |  | $ | 575,000 |
Less: unamortized debt discount | — |  |  | (143,636) |
Less: unamortized debt issuance costs | (7,684) |  |  | (5,775) |
Carrying amount of Notes due 2028 (1) | 567,316 |  |  | 425,589 |
Notes due 2026 | 632,500 |  |  | 632,500 |
Less: unamortized debt discount | — |  |  | (104,755) |
Less: unamortized debt issuance costs | (7,813) |  |  | (6,678) |
Carrying amount of Notes due 2026 (1) | 624,687 |  |  | 521,067 |
Notes due 2025 | 102,175 |  |  | 102,175 |
Less: unamortized debt discount | (13,535) |  |  | (14,584) |
Less: unamortized debt issuance costs | (1,421) |  |  | (1,539) |
Carrying amount of Notes due 2025 | 87,219 |  |  | 86,052 |
Notes due 2023 | 5,000 |  |  | 5,000 |
Less: unamortized issuance costs | (53) |  |  | (62) |
Carrying amount of Notes due 2023 | 4,947 |  |  | 4,938 |
Total carrying amount of debt | 1,284,169 |  |  | 1,037,646 |
Less: current portion of convertible notes | (87,219) |  |  | (86,052) |
Debt, non-current | $ | 1,196,950 |  |  | $ | 951,594 |
(1) The net carrying amount was increased on January 1, 2022 as a result of the adoption of ASU 2020-06. Refer to Note 2, Summary of Significant Accounting Policies, in this Quarterly Report on Form 10-Q for further information. The following table presents the total amount of interest cost recognized in the statement of operations relating to the Notes due 2028:
|  |  | Three Months Ended March 31, |  |
|  |  |  |  | 2022 |  | 2021 |  |
|  |  |  |  | (In thousands)
Amortization of debt discount |  |  |  |  | $ | — |  |  | $ | 1,611 |  |  |
Amortization of debt issuance costs |  |  |  |  | 316 |  |  | 79 |  |  |
Total interest cost recognized |  |  |  |  | $ | 316 |  |  | $ | 1,690 |  |  |
The following table presents the total amount of interest cost recognized in the statement of operations relating to the Notes due 2026:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2022 |  | 2021 |  |
|  |  |  |  | (In thousands)
Amortization of debt discount |  |  |  |  | $ | — |  |  | $ | 1,786 |  |  |
Amortization of debt issuance costs |  |  |  |  | 485 |  |  | 135 |  |  |
Total interest cost recognized |  |  |  |  | $ | 485 |  |  | $ | 1,921 |  |  |
The following table presents the total amount of interest cost recognized relating to the Notes due 2025:
|  |  | Three Months Ended March 31, |  |
|  |  |  |  | 2022 |  | 2021 |  |
|  |  |  |  | (In thousands)
Contractual interest expense |  |  |  |  | $ | 64 |  |  | $ | 150 |  |  |
Amortization of debt discount |  |  |  |  | 1,049 |  |  | 2,389 |  |  |
Amortization of debt issuance costs |  |  |  |  | 118 |  |  | 294 |  |  |
Total interest cost recognized |  |  |  |  | $ | 1,231 |  |  | $ | 2,833 |  |  |
The following table presents the amount of interest cost recognized relating to the contractual interest coupon and the amortization of debt issuance costs of the Notes due 2023.
|  |  | Three Months Ended March 31,
|  |  |  |  | 2022 |  | 2021 |  |
|  |  |  |  | (In thousands)
Contractual interest expense |  |  |  |  | $ | 50 |  |  | $ | 50 |  |  |
Amortization of debt issuance costs |  |  |  |  | 10 |  |  | 10 |  |  |
Total interest costs recognized |  |  |  |  | $ | 60 |  |  | $ | 60 |  |  |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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