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DEBT (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Liability Interest Expense Interest expense related to the liability for the years ended December 31, 2020 and 2019 were as follows:
20202019
Amortization of debt issuance costs$1,687 $1,004 
Interest expense3,848 7,676 
Total interest expense recognized$5,535 $8,680 
Effective interest rate2.11 %4.01 %
Interest expense related to the Notes is reflected on the accompanying consolidated statements of income as follows:
2020 Notes2017 Notes
Year Ended December 31,Year Ended December 31,
20212020202120202019
Amortization of debt issuance costs$1,485 $492 $608 $820 $753 
Non-cash amortization of debt discount6,471 2,165 5,986 7,483 7,153 
Interest expense— — 1,891 3,594 3,594 
Loss in respect of convertible loan extinguishment$— $— $13,969 $— $— 
Total interest expense recognized$7,956 $2,657 $22,454 $11,897 $11,500 
Effective interest rate1.87 %1.87 %4.68 %4.68 %4.68 %
Schedule of Outstanding Exchangeable Note The following table summarizes some key facts and terms regarding the outstanding Notes:
Due 2025Due 2024
Issuance dateAugust 27, 2020January 18, 2017
Maturity dateSeptember 15, 2025January 15, 2024
Effective conversion dateJune 15, 2025September 15, 2023
Principal amount$460,000$110,187
Cash coupon rate (per annum)—%1.25%
Conversion rate effective (per $1000 principal amount)$3.34$12.05
Effective conversion price (per ADS)$299.19$82.96
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:
2020 Notes2017 Notes
December 31,December 31,
2021202020212020
Principal$460,000 $460,000 $110,187 $287,495 
Conversion option (Level 2)— 292,940 
Less:
Debt issuance costs, net of amortization(5,975)(7,460)(780)(2,914)
Unamortized discount(24,758)(31,203)(6,401)(24,700)
Net liability carrying amount$429,267 $421,337 $395,946 $259,881 
Equity component - net carrying value$32,746 $32,746 $— $51,176