Annual report [Section 13 and 15(d), not S-K Item 405]

LONG-TERM DEBT (Tables)

v3.25.4
LONG-TERM DEBT (Tables)
 12 Months Ended
Dec. 31, 2025
Long-Term Debt, Unclassified [Abstract]  
Schedule of Long-Term Debt
Long-term debt consisted of the following items as of December 31, 2025 and 2024 (in thousands):
December 31, 2025 December 31, 2024
6.75% senior unsecured notes due 2029
 $ 650,000  $ 650,000 
8.00% senior unsecured notes due 2026
 —  25,702 
Credit Facility due 2028 147,000  38,000 
Net unamortized debt issuance costs (8,813) (10,845)
Total debt, net 788,187  702,857 
Less: current maturities of long-term debt —  — 
Total long-term debt, net $ 788,187  $ 702,857 
Schedule of Interest Expense
The following schedule shows the components of interest expense for the years ended December 31, 2025, 2024 and 2023 (in thousands):
Year Ended December 31, 2025 Year Ended December 31, 2024 Year Ended December 31, 2023
Cash paid for interest $ 53,913  $ 51,177  $ 57,967 
Change in accrued interest 1,260  9,368  (7)
Capitalized interest (6,154) (4,771) (4,147)
Amortization of loan costs 5,258  4,208  3,256 
Other —  —  — 
Total interest expense $ 54,277  $ 59,982  $ 57,069