v3.22.4
DEBT (Tables)
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The carrying value of the Company’s outstanding debt is summarized as follows (amounts in thousands):
December 31,
20222021
Term loan B facility maturing December 2026$284,704 $359,497 
0.750% Convertible senior notes due August 2025
396,126 330,627 
3.375% Convertible senior notes due May 2024
8,641 201,249 
2.375% Convertible senior notes due April 2022 (1)
— 157,857 
     Total$689,471 $1,049,230 
(1) The 2022 Notes (as defined below) matured on April 1, 2022.
Schedule of Composition of the Company's Debt and Financing Obligations The total debt composition of the Term Loan is as follows (in thousands):
December 31,
20222021
Term Loan maturing December 2026$296,875 $375,000 
Deferred financing costs(3,919)(4,443)
Discount on debt(8,252)(11,060)
     Total debt, net of debt discount and deferred financing costs$284,704 $359,497 
The total debt composition of the 2025 Notes is as follows (in thousands):
December 31,
20222021
0.750% convertible senior notes due August 2025
$402,500 $402,500 
Deferred financing costs(6,374)(7,155)
Discount on debt— (64,718)
Total debt, net of debt discount and deferred financing costs$396,126 $330,627 
The total debt composition of the 2022 Notes is as follows (in thousands):
 December 31,
 20222021
2.375% convertible senior notes due April 2022
$— $160,000 
Deferred financing costs— (223)
Discount on debt— (1,920)
Total debt, net of debt discount and deferred financing costs$— $157,857 
Schedule of Total Interest Expense Recognized Related to the Notes The following table sets forth the total interest expense recognized in the periods presented (dollar amounts in thousands):
Year Ended December 31,
202220212020
Contractual and other interest expense$36,880 $9,759 $7,650 
Amortization of debt issuance costs4,400 2,754 2,156 
Amortization of debt discount2,807 23,152 18,254 
Capitalized interest and other (Note 7)
(4,111)(3,915)(2,389)
     Total$39,976 $31,750 $25,671 
Effective interest rate on total debt5.47 %6.66 %7.15 %