v3.26.3
Long-Term Debt (Tables)
 9 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Net Carrying Amount of the Outstanding Long-Term Debt
The following table sets forth the net carrying amount of the Company’s long-term debt (in thousands):
Debt InstrumentMaturity DateSeptember 30, 2026December 31, 2025
2030 Senior Notes
Aug 15, 2030$100,000 $350,000 
Term Loan under Credit Agreement (1)
Sep 11, 2030916,890 302,250 
Revolving Credit Facility under Credit Agreement (2)
Sep 11, 2030— — 
2026 Convertible Notes (3)
Mar 15, 2026— 609,065 
Total principal amount1,016,890 1,261,315 
Less: unamortized debt discount and issuance costs on long-term debt(6,315)(7,519)
Less: current portion of long-term debt, net (4)
(48,901)(624,216)
Net carrying amount of long-term debt$961,674 $629,580 
(1)The Company drew down the remaining $50.0 million available under the Term Loan during the quarter ended September 30, 2026. No amount remains available for drawdown as of September 30, 2026.
(2)The Company has $305.0 million available for borrowing under the Revolving Credit Facility as of September 30, 2026.
(3)The Company settled the remaining $609.1 million principal of the 2026 Convertible Notes in cash on the original maturity date in March 2026.
(4)As of September 30, 2026, the current portion of long-term debt, net, consists of the $48.9 million in expected principal payments due on the Term Loan. The Term Loan requires quarterly principal payments of approximately 1.27% of the refinanced $960.0 million principal amount drawn, with balance due at maturity.
Schedule of Future Minimum Principal Payments of the Term Facility
The following table sets forth the future minimum principal payments for long-term debt as of September 30, 2026 (in thousands):
Term Loan2030 Senior NotesTotal
2026 remaining$12,224 $— $12,224 
202748,901 — 48,901 
202848,901 — 48,901 
202948,901 — 48,901 
2030 onwards757,963 100,000 857,963 
Total principal amount$916,890 $100,000 $1,016,890 
Schedule of Interest Expense on Long-Term Debt
The following table sets forth the interest expense recognized related to long-term debt (in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
Contractual interest expense$16,235 $12,073 $47,080 $41,014 
Amortization of debt discount and issuance costs594 1,172 2,199 3,553 
Total interest expense related to long-term debt$16,829 $13,245 $49,279 $44,567