Quarterly report [Sections 13 or 15(d)]

FAIR VALUE MEASUREMENTS Fair Value Measurements (Tables)

v3.26.1
FAIR VALUE MEASUREMENTS Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Fair Value of Assets and Liabilities Measured on a Recurring Basis
The following table shows the fair value of our significant financial assets that are required to be measured at fair value on a recurring basis.
Estimated Fair Value
June 30, 2026 December 31, 2025
Level 1 Level 2 Total Level 1 Level 2 Total
(in thousands)
Assets:
Short-term investments $ 65,632  $ —  $ 65,632  $ 76,550  $ —  $ 76,550 
Crypto assets 2,874  —  2,874  6,249  —  $ 6,249 
Interest rate swaps —  5,094  5,094  —  9,672  $ 9,672 
Total $ 68,506  $ 5,094  $ 73,600  $ 82,799  $ 9,672  $ 92,471 
Estimated Fair Values of Debt
The following table presents the estimated fair values of our senior secured notes, senior notes and convertible senior notes:
Estimated Fair Value at
June 30, 2026 December 31, 2025
Level 2
(in thousands)
6.5% Senior Secured Notes due 2027 $ 1,201,008  $ 1,211,148 
3.75% Senior Secured Notes due 2028 $ 490,665  $ 492,740 
4.75% Senior Notes due 2027 $ 948,243  $ 952,765 
3.125% Convertible Senior Notes due 2029 $ 1,783,872  $ 1,456,399 
2.875% Convertible Senior Notes due 2030 $ 1,316,909  $ 1,161,182 
2.875% Convertible Senior Notes due 2031 $ 1,545,278  $ 1,379,560