v3.26.1
Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2026
Long-Term Debt.  
Schedule of maturities of long-term debt outstanding

Scheduled maturities of our long-term debt outstanding as of June 30, 2026 are as follows (in thousands):

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​

​

​

​

​

​

​

​

​

​

​

MARAD

​

2029

​

​

​

​

  ​ ​ ​

Debt

  ​ ​ ​

Notes

  ​ ​ ​

Total

Less than one year

​

$

9,882

​

$

—

 

$

9,882

One to two years

​

 

—

​

 

—

 

​

—

Two to three years

​

 

—

​

 

300,000

 

​

300,000

Gross debt

​

 

9,882

​

 

300,000

 

​

309,882

Unamortized debt discount (1)

​

​

—

​

​

(816)

​

​

(816)

Unamortized debt issuance costs (1)

​

 

(366)

​

 

(4,395)

 

​

(4,761)

Total debt

​

 

9,516

​

 

294,789

 

​

304,305

Less current maturities

​

 

(9,516)

​

 

—

 

​

(9,516)

Long-term debt

​

$

—

​

$

294,789

 

$

294,789

(1)Debt discount and debt issuance costs are amortized to interest expense over the term of the applicable debt agreement.
Schedule of redemption prices expressed as percentages of the principal amount

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Redemption

Year

  ​ ​ ​

Price

2026

​

104.875%

2027

​

102.438%

2028 and thereafter

​

100.000%

Schedule of components of net interest expense

The following table details the components of our net interest expense (in thousands):

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Three Months Ended

​

Six Months Ended

​

​

​

June 30, 

​

June 30, 

​

​

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

​

Interest expense

​

$

8,321

​

$

8,250

​

$

16,521

 

$

16,489

​

Interest income

​

 

(3,949)

​

 

(2,074)

​

 

(6,740)

 

​

(4,276)

​

Net interest expense

​

$

4,372

​

$

6,176

​

$

9,781

 

$

12,213

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​