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Debt (Tables)
12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Debt

At December 31, 2025 and 2024, debt was comprised of the following:

 

(In thousands)

 

Maturity
Dates

 

December 31,
2025

 

 

December 31,
2024

 

Senior unsecured notes

 

 

 

 

 

 

 

 

3.95% (net of unamortized debt issuance cost of $56 and
    $
99 for 2025 and 2024, respectively)

 

2026-2027

 

$

28,515

 

 

$

42,759

 

3.86% (net of unamortized debt issuance cost of $0 and
    $
15 for 2025 and 2024, respectively)

 

2025

 

 

 

 

 

14,270

 

2.30% (net of unamortized debt issuance cost of $55 and
    $
77 for 2025 and 2024, respectively)

 

2026-2028

 

 

29,945

 

 

 

39,923

 

2.37% (net of unamortized debt issuance cost of $60 and
    $
83 for 2025 and 2024, respectively)

 

2026-2028

 

 

29,940

 

 

 

39,917

 

2.73% (net of unamortized debt issuance cost of $52 and
    $
70 for 2025 and 2024, respectively)

 

2026-2031

 

 

85,662

 

 

 

99,930

 

2.83% (net of unamortized debt issuance cost of $52 and
    $
60 for 2025 and 2024, respectively)

 

2026-2032

 

 

74,948

 

 

 

74,940

 

6.17% (net of unamortized debt issuance cost of $0 and
    $
0 for 2025 and 2024, respectively)

 

2029-2033

 

 

75,000

 

 

 

 

Revolving credit facility and term loan borrowing

 

2026-2027

 

 

302,700

 

 

 

313,700

 

Total debt

 

 

 

$

626,710

 

 

$

625,439

 

Less current maturities

 

 

 

 

285,735

 

 

 

292,807

 

Long-term debt

 

 

 

$

340,975

 

 

$

332,632

 

Schedule of Net Interest Expense

Net interest expense for the years ended December 31, 2025, 2024 and 2023, comprised the following:

 

(In thousands)

 

2025

 

 

2024

 

 

2023

 

Interest expense

 

$

30,773

 

 

$

33,030

 

 

$

29,361

 

Interest income

 

 

(4,114

)

 

 

(5,283

)

 

 

(3,843

)

 

 

 

26,659

 

 

 

27,747

 

 

 

25,518

 

Capitalized interest

 

 

(4,544

)

 

 

(13,565

)

 

 

(13,415

)

Interest expense, net

 

$

22,115

 

 

$

14,182

 

 

$

12,103