| LONG-TERM DEBT |
8. LONG-TERM DEBT The components of Long-term debt, including the current portion due June 1, 2026, were as follows (in thousands, except percentages): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Effective Interest Rate | | Principal Amount | | Unamortized Debt Discount and Issuance Costs | | Net Carrying Amount | | Fair Value(1) | | June 30, 2025 | | | | | | | | | | | 0.50% 2026 Convertible Notes due June 1, 2026 | | 0.98 | % | | $ | 1,273,013 | | | $ | (6,436) | | | $ | 1,266,577 | | | $ | 1,474,022 | | 3.38% 2028 Senior Notes due October 1, 2028 | | 3.57 | % | | 1,000,000 | | | (5,711) | | | 994,289 | | | 938,750 | | 0.25% 2030 Convertible Notes due April 1, 2030 | | 0.55 | % | | 1,265,000 | | | (17,506) | | | 1,247,494 | | | 1,654,747 | | 3.63% 2031 Senior Notes due October 1, 2031 | | 3.77 | % | | 737,457 | | | (5,695) | | | 731,762 | | | 659,102 | | | Total | | | | $ | 4,275,470 | | | $ | (35,348) | | | $ | 4,240,122 | | | $ | 4,726,621 | | | | | | | | | | | | | | December 31, 2024 | | | | | | | | | | | 0.50% 2026 Convertible Notes due June 1, 2026 | | 0.98 | % | | $ | 1,273,013 | | | $ | (9,395) | | | $ | 1,263,618 | | | $ | 1,331,062 | | 3.38% 2028 Senior Notes due October 1, 2028 | | 3.57 | % | | 1,000,000 | | | (6,562) | | | 993,438 | | | 901,250 | | 0.25% 2030 Convertible Notes due April 1, 2030 | | 0.55 | % | | 1,265,000 | | | (19,322) | | | 1,245,678 | | | 1,353,044 | | 3.63% 2031 Senior Notes due October 1, 2031 | | 3.77 | % | | 737,457 | | | (6,110) | | | 731,347 | | | 624,995 | | | Total | | | | $ | 4,275,470 | | | $ | (41,389) | | | $ | 4,234,081 | | | $ | 4,210,351 | |
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