v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Measurements  
Schedule of principal amount and estimated fair value of long-term debt

The principal amount and estimated fair value of our long-term debt are as follows (in thousands):

June 30, 2026

December 31, 2025

Principal

Fair

Principal

Fair

  ​ ​ ​

Amount (1)

  ​ ​ ​

Value (2)

  ​ ​ ​

Amount (1)

  ​ ​ ​

Value (2)

MARAD Debt (matures February 2027)

$

9,882

$

9,855

$

14,645

$

14,611

2029 Notes (mature March 2029)

300,000

314,628

300,000

317,250

Total debt

$

309,882

$

324,483

$

314,645

$

331,861

(1)Principal amount includes current maturities and excludes any related unamortized debt discount and debt issuance costs. See Note 6 for additional disclosures on our long-term debt.
(2)The estimated fair value was determined using Level 2 fair value inputs under the market approach, which was determined using quotes in inactive markets.