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v3.25.2

Long-Term Debt (Tables) | 6 Months Ended
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Jun. 30, 2025
Long-Term Debt. |
Schedule of maturities of long-term debt outstanding | Scheduled maturities of our long-term debt outstanding as of June 30, 2025 are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | MARAD | ​ | 2029 | ​ | ​ | ​
​ |  | Debt |  | Notes |  | Total
Less than one year | ​ | $ | 9,412 | ​ | $ | — |  | $ | 9,412
One to two years | ​ |  | 9,882 | ​ |  | — |  | ​ | 9,882
Two to three years | ​ |  | — | ​ |  | — |  | ​ | —
Three to four years | ​ |  | — | ​ |  | 300,000 |  | ​ | 300,000
Gross debt | ​ |  | 19,294 | ​ |  | 300,000 |  | ​ | 319,294
Unamortized debt discount (1) | ​ | ​ | — | ​ | ​ | (1,069) | ​ | ​ | (1,069)
Unamortized debt issuance costs (1) | ​ |  | (854) | ​ |  | (5,759) |  | ​ | (6,613)
Total debt | ​ |  | 18,440 | ​ |  | 293,172 |  | ​ | 311,612
Less current maturities | ​ |  | (9,412) | ​ |  | — |  | ​ | (9,412)
Long-term debt | ​ | $ | 9,028 | ​ | $ | 293,172 |  | $ | 302,200
(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 | ​
​ | ​ | ​
​ | ​ | 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): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | June 30,
​ |  | 2025 |  | 2024 |  | 2025 |  | 2024
Interest expense | ​ | $ | 8,253 | ​ | $ | 8,402 | ​ | $ | 16,492 |  | $ | 17,180
Interest income | ​ |  | (2,378) | ​ |  | (2,511) | ​ |  | (4,911) |  | ​ | (5,812)
Net interest expense | ​ | $ | 5,875 | ​ | $ | 5,891 | ​ | $ | 11,581 |  | $ | 11,368
​

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- 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
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