v3.26.3
Debt (Tables)
 9 Months Ended
Sep. 30, 2026
Debt  
Schedule of Long-term Debt Instruments Principal balances outstanding under our long-term debt obligations as of September 30, 2026 and December 31, 2025 consisted of the following (in thousands):

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​

​

​

​

​

​

​

​

  ​ ​ ​

September 30, 2026

  ​ ​ ​

December 31, 2025

Convertible notes

​

$

747,500

​

$

747,500

Less unamortized debt issuance costs

​

 

(10,096)

​

 

(13,462)

Total long-term debt

​

 

737,404

​

 

734,038

Less current portion

​

 

—

​

 

—

Long-term portion

​

$

737,404

​

$

734,038
Schedule of Maturities of Long-term Debt

Future minimum principal payments on our long-term debt, as of September 30, 2026, were as follows (in thousands):

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​

​

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Year Ending

​

Future Minimum

December 31,

  ​ ​ ​

Principal Payments

Remaining 2026

 

$

—

2027

​

​

—

2028

​

​

—

2029

​

​

747,500

Total future minimum principal payments

​

$

747,500
Schedule of Long-term Debt Covenants

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​

​

​

​

 

Covenant Requirement

​

Consolidated Total Net Leverage Ratio (1)

 

​

5.0 to 1.0

​

Consolidated Senior Secured Net Leverage Ratio (2)

​

​

3.0 to 1.0

​

Consolidated Interest Coverage Ratio (3)

 

​

3.0 to 1.0

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(1)Maximum Consolidated Total Net Leverage Ratio (as defined in the Amended Fourth A&R Credit Agreement) as of any fiscal quarter end.
(2)Maximum Consolidated Senior Secured Net Leverage Ratio (as defined in the Amended Fourth A&R Credit Agreement) as of any fiscal quarter end.
(3)Minimum ratio of Consolidated EBITDA (as defined in the Amended Fourth A&R Credit Agreement and adjusted for certain expenditures) to Consolidated Interest Expense (as defined in the Amended Fourth A&R Credit Agreement) for any period of four consecutive fiscal quarters.