Long-term debt, net, consists of the following: | | | | | | | | | | | | | | | | | As of June 30, | | As of December 31, | | | 2025 | | 2024 | | | (In thousands) | | 2029 Senior Notes | | | | | | Principal | | $ | 500,000 | | | $ | 500,000 | | | Unamortized discount | | (3,130) | | | (3,518) | | | Unamortized issuance costs | | (704) | | | (792) | | | Net carrying amount | | 496,166 | | | 495,690 | | | 2031 Senior Notes | | | | | | Principal | | 500,000 | | | 500,000 | | | Unamortized discount | | (3,867) | | | (4,166) | | | Unamortized issuance costs | | (870) | | | (937) | | | Net carrying amount | | 495,263 | | | 494,897 | | | Total long-term debt, net | | $ | 991,429 | | | $ | 990,587 | |
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