The following table summarizes long-term debt:


			Interest	Payment	June 30,			December 31,
Debt Description	Issued	Maturity	Rate	Date	2026			2025
4.55% Promissory Note	7/6/2018	8/1/2036	4.55%	Monthly	$	3,973		$	4,125
5.50% Promissory Note	6/26/2023	7/1/2033	5.50%	Monthly		11,292			11,422
5.65% Promissory Note	7/24/2025	8/1/2035	5.65%	Monthly		16,736			16,896
Total principal amount						32,001			32,443
Less: unamortized issuance costs						(536	)		(566	)
Long-term debt					$	31,465		$	31,877

There were no significant changes in the Company’s long-term debt during the six months ended June 30, 2026. During the six months ended June 30, 2025, the Company converted $172,500 in aggregate principal of its 4.75% convertible senior notes into consideration of 2,187,063 shares of the Company’s common stock and $1,133 in cash. The cash consideration included an inducement payment of $1,125 and $8 paid in lieu of fractional shares. The Company recognized an expense related to the inducement payment of $1,125 in other operating expenses on the consolidated statements of income and as financing cash flows on the consolidated statements of cash flows.

Interest expense for long-term debt was $453 and $3,100 for the three months ended June 30, 2026 and 2025, respectively, and $909 and $5,815 for the six months ended June 30, 2026 and 2025, respectively.