Debt (Tables)

3 Months Ended

Mar. 31, 2026

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Debt consisted of the following (in thousands):

	March 31, 2026		December 31, 2025
7.500% Senior Notes	$	597,015	$	596,746
Credit Facility	235,000		75,000
Long-term debt	832,015		671,746
Total corporate debt	$	832,015	$	671,746

Schedule of Debt

The carrying amount of the 7.500% Senior Notes was determined as follows (in thousands):

	March 31, 2026		December 31, 2025
Principal balance	$	600,000	$	600,000
Less: debt issue cost	2,985		3,254
Total	$	597,015	$	596,746

Interest expense and amortization of debt issue costs of the 7.500% Senior Notes, included in “Interest expense, net” on the accompanying unaudited condensed consolidated statements of operations, were as follows (in thousands):

	Three Months Ended March 31,
	2026		2025
Interest expense	$	11,250	$	11,250
Debt issue cost amortization	268		268
Total	$	11,518	$	11,518

Interest expense, amortization of debt issue costs, and unused facility fee of the Credit Facility, included in “Interest expense, net” on the accompanying unaudited condensed consolidated statements of operations, were as follows (in thousands):

	Three Months Ended March 31,
	2026		2025
Interest expense	$	1,779	$	2,023
Debt issue cost amortization	354		354
Unused facility fee	244		243
Total	$	2,377	$	2,620