v3.26.1
DEBT (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt The following table summarizes information regarding the Company’s debt:
March 31,
2026		December 31,
2025
5.5% senior unsecured notes due in February 2034 (the 2034 Notes)
$850,000 $— 
Unamortized discount net of deferred offering costs(17,407)— 
2034 Notes, net
832,593 — 
1.25% senior subordinated convertible notes due in May 2027 (the 2027 Notes)
$600,000 $600,000 
Unamortized discount net of deferred offering costs(2,311)(2,824)
2027 Notes, net597,689 597,176 
Long-term debt, net
$1,430,282 $597,176 
Fair value of fixed-rate debt(1) :
2034 Notes
$839,239 $— 
2027 Notes578,823 576,267 
Total fair value of fixed-rate debt
$1,418,062 $576,267 
(1)    The fair value of the Company’s fixed-rate long-term debt is based on open-market trades and classified as Level 1 in the fair value hierarchy. For additional discussion of fair value measurements, see Note 1 – Business Overview and Significant Accounting Policies to the Company’s Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.
Schedule of Interest Expense on Long-Term Debt
Interest expense on the Company’s long-term debt consisted of the following: 
Three Months Ended
March 31,
20262025
Coupon interest expense$8,805 $1,875 
Accretion of discount on convertible notes487 485 
Amortization of debt issuance costs279 27 
Total interest expense on debt
$9,571 $2,387