XML 40 R29.htm IDEA: XBRL DOCUMENT v3.25.3

Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2025

Long-Term Debt.

Schedule of maturities of long-term debt outstanding

Scheduled maturities of our long-term debt outstanding as of September 30, 2025 are as follows (in thousands):

​

​	​	​	​	​	​	​	​	​	​
​	​	MARAD		​	2029		​	​	​
​		Debt			Notes			Total
Less than one year	​	$	9,644	​	$	—		$	9,644
One to two years	​		5,001	​		—		​	5,001
Two to three years	​		—	​		—		​	—
Three to four years	​		—	​		300,000		​	300,000
Gross debt	​		14,645	​		300,000		​	314,645
Unamortized debt discount (1)	​	​	—	​	​	(1,009)	​	​	(1,009)
Unamortized debt issuance costs (1)	​		(732)	​		(5,432)		​	(6,164)
Total debt	​		13,913	​		293,559		​	307,472
Less current maturities	​		(9,644)	​		—		​	(9,644)
Long-term debt	​	$	4,269	​	$	293,559		$	297,828

(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):

​

​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	September 30,					​	September 30,
​		2025			2024			2025			2024
Interest expense	​	$	8,241	​	$	8,414	​	$	24,733		$	25,594
Interest income	​		(2,625)	​		(2,725)	​		(7,536)		​	(8,537)
Net interest expense	​	$	5,616	​	$	5,689	​	$	17,197		$	17,057

​

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