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FINANCING ARRANGEMENTS (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Convertible Senior Notes
The carrying amount of the Atairos Notes consisted of the following as of December 31, 2020 (in thousands):
December 31, 2020
Liability component:
Principal amount$250,000 
Less: debt discount - transaction costs(1,459)
Less: debt discount - equity(19,051)
Net carrying amount of liability component$229,490 
Net carrying amount of equity component$67,014 
The carrying amount of the 2026 Notes consisted of the following as of December 31, 2021 (in thousands):
December 31, 2021
Principal amount$230,000 
Less: debt discount(6,597)
Net carrying amount of liability$223,403 
Schedule of Interest Costs on Convertible Debt
During the years ended December 31, 2021, 2020 and 2019, we recognized interest costs on the Atairos Notes as follows (in thousands):
Year Ended December 31,
202120202019
Contractual interest (3.25% of the principal amount per annum)
$3,024 $8,128 $8,128 
Amortization of debt discount451 14,621 13,200 
Total$3,475 $22,749 $21,328 
During the years ended December 31, 2021, we recognized interest costs on the 2026 Notes as follows (in thousands):
Year Ended December 31, 2021
Contractual interest$2,001 
Amortization of debt discount1,150 
Total $3,151