v3.26.1
Fair Values of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Estimated Fair Value of Outstanding Debt Balances
The estimated fair value of our outstanding debt balances as of June 30, 2026 and December 31, 2025 is set forth below (in thousands):
June 30, 2026December 31, 2025
Carrying
Value
Fair
Value
Carrying
Value
Fair
Value
3.95% Senior Notes Due 2028 (1)
$— $— $482,505 $477,694 
5.15% Senior Notes Due 2029
344,895 345,486 344,895 348,032 
7.15% Senior Notes Due 2033
400,000 429,226 400,000 428,615 
6.05% Senior Notes Due 2036
500,000 497,952 — — 
Total debt$1,244,895 $1,272,664 $1,227,400 $1,254,341 
(1)All of the outstanding 2028 Notes were fully redeemed on June 4, 2026. See Note 8 of Notes to unaudited condensed consolidated financial statements for additional information.
Schedule of Implied Market Rates of Interest Used to Determine the Fair Value of Outstanding Debt
The implied market rates of interest used to determine the fair value of our outstanding debt balances as of June 30, 2026 and December 31, 2025 are set forth below:
June 30, 2026December 31, 2025
3.95% Senior Notes Due 2028
— %4.46 %
5.15% Senior Notes Due 2029
5.10 %4.89 %
7.15% Senior Notes Due 2033
5.90 %5.99 %
6.05% Senior Notes Due 2036
6.12 %— %