v3.26.1
Note 9 - Debt, Credit Facility and Leases (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Line of Credit Facility [Abstract]    
Schedule of Long-term Debt

The following tables summarize our long-term debt balances as of March 31, 2026 and December 31, 2025 (in thousands):

 

 

 

March 31, 2026

 

 

 

Senior Notes

 

Principal

 

$

263,000

 

Unamortized discount and issuance costs

 

 

(927

)

Long-term debt

 

$

262,073

 

 

 

 

December 31, 2025

 

 

 

Senior Notes

 

Principal

 

$

263,000

 

Unamortized discount/premium and issuance costs

 

 

(1,053

)

Total debt

 

$

261,947

 

The following tables summarize our current and long-term debt balances, including principal amounts outstanding under the Credit Agreement, as of December 31, 2025 and 2024 (in thousands):

 

December 31, 2025

 

 

Senior Notes

 

Principal

 

$

263,000

 

Unamortized discount and issuance costs

 

 

(1,053

)

Long-term debt

 

 

261,947

 

 

 

December 31, 2024

 

 

Senior Notes

 

 

IQ Notes

 

 

Credit Agreement

 

 

Total

 

Principal

 

$

475,000

 

 

$

33,525

 

 

$

23,000

 

 

$

531,525

 

Unamortized discount/premium and issuance costs

 

 

(2,816

)

 

 

92

 

 

 

 

 

 

(2,724

)

Total debt

 

$

472,184

 

 

$

33,617

 

 

$

23,000

 

 

$

528,801

 

Less: current debt

 

 

 

 

 

(33,617

)

 

 

 

 

 

(33,617

)

Long-term debt

 

$

472,184

 

 

$

 

 

$

23,000

 

 

$

495,184

 

 

Scheduled of Annual Future Payments, Including Interest  

The following table summarizes the scheduled annual future payments, including interest, for the Senior Notes as of December 31, 2025 (in thousands).

 

Senior Notes

 

2026

 

$

19,068

 

2027

 

 

19,068

 

2028

 

 

265,403

 

Total

 

$

303,539

 

 

Schedule of Annual Maturities of Finance Lease Commitments, Including Interest  

At December 31, 2025, the annual maturities of finance lease commitments, including interest, were (in thousands):

Twelve-month period ending December 31,

 

 

 

2026

 

$

4,468

 

2027

 

 

1,247

 

Total

 

 

5,715

 

Less: effect of interest

 

 

(229

)

Net finance lease obligation

 

$

5,486

 

 

Schedule of Annual Maturities of Undiscounted Operating Lease Payments  

At December 31, 2025, the annual maturities of undiscounted operating lease payments, including assumed extensions beyond the current lease terms, were (in thousands):

Twelve-month period ending December 31,

 

 

 

2026

 

$

1,501

 

2027

 

 

1,485

 

2028

 

 

1,489

 

2029

 

 

1,494

 

2030

 

 

1,127

 

More than 5 years

 

 

5,060

 

Total

 

 

12,156

 

Less: effect of discounting

 

 

(2,862

)

Operating lease liability

 

$

9,294