v3.25.4
Debt (Tables)
12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Debt Instrument Redemption
YearPercentage
2024
101.938 %
2025
100.969 %
2026 and thereafter
100.000 %
Schedule of Long-term Debt
The net carrying amount of the 2030 Notes, which is presented as a component of long-term debt in the Company’s consolidated financial statements, was as follows (in thousands):
As of December 31,
20252024
2030 Notes
Principal
$1,000,000 $1,000,000 
Unamortized issuance costs
(6,902)(8,329)
Net carrying amount
$993,098 $991,671 
Schedule of Interest Expense
Interest expense related to the 2030 Notes was as follows (in thousands):
Year Ended December 31,
202520242023
Contractual interest expense
$38,750 $38,750 $38,750 
Amortization of debt issuance costs
1,427 1,371 1,316 
Total interest expense
$40,177 $40,121 $40,066 
Schedule of Maturities of 2023 Notes
Future interest and principal payments related to the 2030 Notes, as of December 31, 2025, were as follows (in thousands):
Year ending December 31,
2026$38,750 
202738,750 
202838,750 
202938,750 
2030
1,019,370 
Total future interest and principal payments related to the 2030 Notes$1,174,370