Debt (Tables)

9 Months Ended

Sep. 30, 2026


(in thousands)	September 30, 2026		December 31, 2025
6.375% Senior Notes due 2034	$	600,000	$	—
3.25% Convertible Notes due 2030	373,750		373,750
3.75% Convertible Notes due 2028	—		373,750
Credit Agreement - Term Loan	600,000		600,000


Debt issuance costs and other	(17,725)		(8,371)
Total debt	$	1,556,025	$	1,339,129
Less: current maturities of long-term debt	381,686		375,896
Total long-term debt	$	1,174,339	$	963,233

Schedule of Embedded Conversion Option Derivative Liabilities

Embedded Conversion Option Derivative Liability (in thousands):


Initial fair value at May 19, 2026	$	527,863
Loss on derivative remeasurement at June 30, 2026	102,610
Fair value at June 30, 2026	630,473
Gain on derivative remeasurement at August 12, 2026	(108,048)
Settlement of embedded conversion option derivative liability	(522,425)
Fair value as of September 30, 2026	$	—

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details