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DEBT (Tables) | 6 Months Ended
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Jun. 30, 2022
Debt Disclosure [Abstract] |
Schedule of Debt | The following table provides information regarding the Company’s debt:
| June 30, 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 | (7,359) |  |  | (5,775) |
Carrying amount of Notes due 2028 (1) | 567,641 |  |  | 425,589 |
Notes due 2026 | 632,500 |  |  | 632,500 |
Less: unamortized debt discount | — |  |  | (104,755) |
Less: unamortized debt issuance costs | (7,312) |  |  | (6,678) |
Carrying amount of Notes due 2026 (1) | 625,188 |  |  | 521,067 |
Notes due 2025 | 102,175 |  |  | 102,175 |
Less: unamortized debt discount | (12,447) |  |  | (14,584) |
Less: unamortized debt issuance costs | (1,299) |  |  | (1,539) |
Carrying amount of Notes due 2025 | 88,429 |  |  | 86,052 |
Notes due 2023 | 5,000 |  |  | 5,000 |
Less: unamortized issuance costs | (43) |  |  | (62) |
Carrying amount of Notes due 2023 | 4,957 |  |  | 4,938 |
Total carrying amount of debt | 1,286,215 |  |  | 1,037,646 |
Less: current portion of convertible notes | (88,429) |  |  | (86,052) |
Debt, non-current | $ | 1,197,786 |  |  | $ | 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 June 30, |  | Six Months Ended June 30, |  |
| 2022 |  | 2021 |  | 2022 |  | 2021 |  |
| (In thousands)
Amortization of debt discount | $ | — |  |  | $ | 4,872 |  |  | $ | — |  |  | $ | 6,483 |  |  |
Amortization of debt issuance costs | 327 |  |  | 236 |  |  | 643 |  |  | 315 |  |  |
Total interest cost recognized | $ | 327 |  |  | $ | 5,108 |  |  | $ | 643 |  |  | $ | 6,798 |  |  |
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 June 30, |  | Six Months Ended June 30, |  |
| 2022 |  | 2021 |  | 2022 |  | 2021 |  |
| (In thousands)
Amortization of debt discount | $ | — |  |  | $ | 5,587 |  |  | $ | — |  |  | $ | 7,373 |  |  |
Amortization of debt issuance costs | 502 |  |  | 404 |  |  | 987 |  |  | 539 |  |  |
Total interest cost recognized | $ | 502 |  |  | $ | 5,991 |  |  | $ | 987 |  |  | $ | 7,912 |  |  |
The following table presents the total amount of interest cost recognized relating to the Notes due 2025:
| Three Months Ended June 30, |  | Six Months Ended June 30, |  |
| 2022 |  | 2021 |  | 2022 |  | 2021 |  |
| (In thousands)
Contractual interest expense | $ | 64 |  |  | $ | 64 |  |  | $ | 128 |  |  | $ | 214 |  |  |
Amortization of debt discount | 1,088 |  |  | 1,033 |  |  | 2,137 |  |  | 3,422 |  |  |
Amortization of debt issuance costs | 123 |  |  | 122 |  |  | 241 |  |  | 416 |  |  |
Total interest cost recognized | $ | 1,275 |  |  | $ | 1,219 |  |  | $ | 2,506 |  |  | $ | 4,052 |  |  |
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 June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021 |  |
| (In thousands)
Contractual interest expense | $ | 50 |  |  | $ | 50 |  |  | $ | 100 |  |  | $ | 100 |  |  |
Amortization of debt issuance costs | 10 |  |  | 10 |  |  | 20 |  |  | 20 |  |  |
Total interest costs recognized | $ | 60 |  |  | $ | 60 |  |  | $ | 120 |  |  | $ | 120 |  |  |

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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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