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Debt (Tables) | 9 Months Ended
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Sep. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt | Debt consisted of the following (in thousands):
| September 30, 2025 |  | December 31, 2024
7.500% Senior Notes | $ | 596,478 |  |  | $ | 595,673 |
Credit Facility | 150,000 |  |  | 75,000 |
Long-term debt | 746,478 |  |  | 670,673 |
Total corporate debt | $ | 746,478 |  |  | $ | 670,673 |
Schedule of Debt | The carrying amount of the 7.500% Senior Notes was determined as follows (in thousands):
| September 30, 2025 |  | December 31, 2024
Principal balance | $ | 600,000 |  |  | $ | 600,000 |
Less: debt issue cost | 3,522 |  |  | 4,327 |
Total | $ | 596,478 |  |  | $ | 595,673 |
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 September 30, |  | Nine Months Ended September 30, |
|  | 2025 |  | 2024 |  | 2025 |  | 2024 |  |  |  |  |
Interest expense |  | $ | 11,250 |  |  | $ | 11,250 |  |  | $ | 33,750 |  |  | $ | 32,375 |  |  |  |  |  |
Debt issue cost amortization |  | 268 |  |  | 271 |  |  | 805 |  |  | 772 |  |  |  |  |  |
Total |  | $ | 11,518 |  |  | $ | 11,521 |  |  | $ | 34,555 |  |  | $ | 33,147 |  |  |  |  |  |
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 September 30, |  | Nine Months Ended September 30, |  |
|  | 2025 |  | 2024 |  | 2025 |  | 2024 |  |
Interest expense |  | $ | 3,367 |  |  | $ | 2,725 |  |  | $ | 9,249 |  |  | $ | 5,369 |  |  |
Debt issue cost amortization |  | 354 |  |  | 354 |  |  | 1,063 |  |  | 972 |  |  |
Unused facility fee |  | 199 |  |  | 236 |  |  | 618 |  |  | 792 |  |  |
Total |  | $ | 3,920 |  |  | $ | 3,315 |  |  | $ | 10,930 |  |  | $ | 7,133 |  |  |

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