Long-term debt, net, consists of the following: | | | | | | | | | | | | | | | | | As of June 30, | | As of December 31, | | | 2026 | | 2025 | | | (In thousands) | | 2029 Senior Notes | | | | | | Principal | | $ | 500,000 | | | $ | 500,000 | | | Unamortized discount | | (2,329) | | | (2,733) | | | Unamortized issuance costs | | (524) | | | (615) | | | Net carrying amount | | 497,147 | | | 496,652 | | | 2031 Senior Notes | | | | | | Principal | | 500,000 | | | 500,000 | | | Unamortized discount | | (3,253) | | | (3,563) | | | Unamortized issuance costs | | (732) | | | (802) | | | Net carrying amount | | 496,015 | | | 495,635 | | | Total long-term debt, net | | $ | 993,162 | | | $ | 992,287 | |
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