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DEBT (Tables)
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Liability Interest Expense Interest expense related to the liability for the year ended December 31, 2020 were as follows:
Year Ended 12/31/2020
Amortization of debt issuance costs$1,687 
Interest expense3,848 
Total interest expense recognized$5,535 
Effective interest rate2.11 %
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,
202220212020202220212020
Amortization of debt issuance costs$1,693 $1,485 $492 $303 $608 $820 
Non-cash amortization of debt discount— 6,471 2,165 2,587 5,986 7,483 
Interest expense— — — 1,127 1,891 3,594 
Loss in respect of convertible loan extinguishment— — — 1,206 13,969 — 
Total interest expense recognized$1,693 $7,956 $2,657 $5,223 $22,454 $11,897 
Effective interest rate0.37 %1.87 %1.87 %4.65 %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$90,055
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,
2022202120222021
Principal$460,000 $460,000 $90,055 $110,187 
Conversion option (Level 2)— 122,323 $292,940 
Less:
Debt issuance costs, net of amortization(4,618)(5,975)(335)(780)
Unamortized discount— (24,758)(2,751)(6,401)
Net liability carrying amount$455,382 $429,267 $209,292 $395,946 
Equity component - net carrying value$— $32,746 $— $—