Annual report [Section 13 and 15(d), not S-K Item 405]

LONG-TERM DEBT (Tables)

v3.25.0.1
LONG-TERM DEBT (Tables)
 12 Months Ended
Dec. 31, 2024
Long-Term Debt, Unclassified [Abstract]  
Schedule of Long-Term Debt
Long-term debt consisted of the following items as of December 31, 2024 and 2023 (in thousands):
December 31, 2024 December 31, 2023
6.750% senior unsecured notes due 2029
 $ 650,000  $ — 
8.0% senior unsecured notes due 2026
 25,702  550,000 
Credit Facility due 2028 38,000  — 
Credit Facility due 2027 —  118,000 
Net unamortized debt issuance costs (10,845) (618)
Total debt, net 702,857  667,382 
Less: current maturities of long-term debt —  — 
Total long-term debt, net $ 702,857  $ 667,382 
Schedule of Interest Expense
The following schedule shows the components of interest expense for the years ended December 31, 2024, 2023 and 2022 (in thousands):
Year Ended December 31, 2024 Year Ended December 31, 2023 Year Ended December 31, 2022
Cash paid for interest $ 51,177  $ 57,967  $ 57,685 
Change in accrued interest 9,368  (7) (826)
Capitalized interest (4,771) (4,147) — 
Amortization of loan costs 4,208  3,256  2,914 
Other —  —  — 
Total interest expense $ 59,982  $ 57,069  $ 59,773