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INDEBTEDNESS (Tables) | 6 Months Ended
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Jun. 30, 2024
Debt Disclosure [Abstract] |
Summary of Debt Facilities | The following table summarizes the Company’s debt facilities for each of the periods indicated:
| As of June 30, 2024 |  |  | As of December 31, 2023 |
| (in thousands) |
Principal amount of the 2024 Notes | $ | 91,641 |  |  | $ | 105,847 |
Principal amount of the 2027 Notes |  | 1,150,000 |  |  |  | 1,150,000 |
Unamortized discount - debt issuance costs of 2024 Notes |  | (136 | ) |  |  | (364 | )
Unamortized discount - debt issuance costs of 2027 Notes |  | (15,190 | ) |  |  | (17,485 | )
Total carrying value of debt facilities | $ | 1,226,315 |  |  | $ | 1,237,998 |
Fair value of 2024 Notes | $ | 206,338 |  |  | $ | 144,833 |
Fair value of 2027 Notes |  | 1,485,409 |  |  |  | 1,172,276 |
Total fair value of debt facilities | $ | 1,691,747 |  |  | $ | 1,317,109 |
Summarizes Total Gross Payments Due under Company's Debt Arrangements | The following table summarizes the total principal and contractual interest payments due under the Company’s debt arrangements:
|  | As of June 30, 2024 |
|  | Principal |  |  | Interest |  |  | Total Payments |
|  | (in thousands) |
2024 (July-December) |  | $ | 91,641 |  |  | $ | 7,898 |  |  | $ | 99,539 |
2025 |  |  | — |  |  |  | 14,375 |  |  |  | 14,375 |
2026 |  |  | — |  |  |  | 14,375 |  |  |  | 14,375 |
2027 |  |  | 1,150,000 |  |  |  | 14,375 |  |  |  | 1,164,375 |
Total payments |  | $ | 1,241,641 |  |  | $ | 51,023 |  |  | $ | 1,292,664 |

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