XML 38 R27.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Long-Term Debt (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Debt Disclosure [Abstract] |
Schedule of maturities of long-term debt outstanding | Scheduled maturities of our long-term debt outstanding as of March 31, 2024 are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | MARAD | ​ | 2029 | ​ | ​ | ​
​ |  | Debt |  | Notes |  | Total
Less than one year | ​ | $ | 8,965 | ​ | $ | — |  | $ | 8,965
One to two years | ​ |  | 9,412 | ​ |  | — |  | ​ | 9,412
Two to three years | ​ |  | 9,881 | ​ |  | — |  | ​ | 9,881
Three to four years | ​ |  | — | ​ |  | — |  | ​ | —
Four to five years | ​ |  | — | ​ |  | — |  | ​ | —
Over five years | ​ |  | — | ​ |  | 300,000 |  | ​ | 300,000
Gross debt | ​ |  | 28,258 | ​ |  | 300,000 |  | ​ | 328,258
Unamortized debt discount (1) | ​ | ​ | — | ​ | ​ | (1,351) | ​ | ​ | (1,351)
Unamortized debt issuance costs (1) | ​ |  | (1,463) | ​ |  | (7,280) |  | ​ | (8,743)
Total debt | ​ |  | 26,795 | ​ |  | 291,369 |  | ​ | 318,164
Less current maturities | ​ |  | (8,965) | ​ |  | — |  | ​ | (8,965)
Long-term debt | ​ | $ | 17,830 | ​ | $ | 291,369 |  | $ | 309,199
(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 | Prior to March 1, 2026, we may, at our option, redeem the 2029 Notes, in whole or in part, at a price equal to 100% of the aggregate principal amount of the notes to be redeemed, plus a make-whole premium and accrued and unpaid interest, if any, to, but excluding, the redemption date. On or after March 1, 2026, we may, at our option, redeem the 2029 Notes, in whole or in part, at the redemption prices (expressed as percentages of the principal amount of the notes to be redeemed) set forth below, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. Prior to March 1, 2026, following certain equity offerings we may, at our option, on any one or more occasions, redeem up to 40% of the 2029 Notes at a price equal to 109.750% of the aggregate principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date, in an amount not exceeding the proceeds of such equity offerings. ​
​ | ​ | ​
​ | ​ | 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): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 31,
​ |  | 2024 |  | 2023
Interest expense | ​ | $ | 8,778 |  | $ | 4,869
Interest income | ​ |  | (3,301) |  | ​ | (682)
Net interest expense | ​ | $ | 5,477 |  | $ | 4,187
​

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of debt instruments or arrangements with redemption features. Includes, but is not limited to, description of debt redemption features, percentage price at which debt can be redeemed by the issuer, and period start and end for debt maturity or redemption. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentRedemptionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities. + References No definition available. + Details
Name: | us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration