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DEBT (Tables) | 12 Months Ended
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Dec. 31, 2019
Debt Disclosure [Abstract] |
Schedule of Component of Debt Liability Carrying Values | The carrying values of the liability's components are reflected in the Company's accompanying consolidated balance sheets as follows:
| December 31, |  |
| 2019 |  | 2018
Principal | $ | 215,000 |  |  | $ | 215,000 |
Less: Debt issuance costs, net of amortization | (1,687) |  |  | (2,692) |
Net liability carrying amount | $ | 213,313 |  |  | $ | 212,308 |
Schedule of Liability Interest Expense | Interest expense related to the liability is reflected on the accompanying consolidated statements of income for the years ended:
| December 31, |  |
| 2019 |  | 2018
Amortization of debt issuance costs | $ | 1,004 |  |  | $ | 794 |
Interest expense | 7,676 |  |  | 7,083 |
Total interest expense recognized | $ | 8,680 |  |  | $ | 7,877 |
Effective interest rate | 4.01 | % |  | 3.80 | %
Interest expense related to the Notes is reflected on the accompanying consolidated statements of income as follows:
| Year Ended December 31, |  |
| 2019 |  | 2018
Amortization of debt issuance costs | $ | 753 |  |  | $ | 694 |
Non-cash amortization of debt discount | 7,153 |  |  | 6,855 |
Interest expense | 3,594 |  |  | 3,594 |
Net liability carrying amount | $ | 11,500 |  |  | $ | 11,143 |
Effective interest rate | 4.68 | % |  | 4.68 | %
Schedule of Outstanding Exchangeable Note | In January 2017, the Company issued $287,500 aggregate principal amount of Exchangeable Senior Notes (the "Notes") due 2024. The following table summarizes some key facts and terms regarding the outstanding Notes:
| Due 2024
Issuance date | January 18, 2017
Maturity date | January 15, 2024
Principal amount | $ | 287,500 |
Cash coupon rate (per annum) | 1.25 | %
Conversion rate effective September 15, 2023 (per $1000 principal amount) | 12.026 |
Effective conversion price effective September 15, 2023 (per ADS) | $ | 83.15 |
Schedule of Carrying Values | The carrying values of the liability and equity components of the Notes are reflected in the Company's accompanying consolidated balance sheets as follows:
| December 31, |  |
| 2019 |  | 2018
Principal | $ | 287,500 |  |  | $ | 287,500 |
Less: |  |  |  |  |
Debt issuance costs, net of amortization | (3,735) |  |  | (4,488) |
Unamortized discount | (32,182) |  |  | (39,335) |
Net liability carrying amount | $ | 251,583 |  |  | $ | 243,677 |
Equity component - net carrying value | $ | 51,176 |  |  | $ | 51,176 |

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