Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 162,552 $ 197,193
Accounts receivable, net 94,102 85,313
Inventories, net 32,236 26,803
Derivative assets 1,785 1,312
Prepaid and other current assets 13,619 8,736
Total current assets 304,294 319,357
Property, plant and equipment, net 477,756 481,159
Goodwill 326,744 326,744
Other intangible assets, net 56,589 59,288
Right-of-use lease assets 43,180 37,935
Other long-term assets 38,054 36,495
Total assets 1,246,617 1,260,978
LIABILITIES    
Accounts payable 49,744 48,048
Operating lease liabilities—current 10,260 9,495
Accrued liabilities 67,919 63,272
Total current liabilities 127,923 120,815
Long-term debt, excluding current portion 392,764 392,581
Deferred income taxes 115,884 113,288
Operating lease liabilities—noncurrent 33,085 28,666
Other long-term liabilities 1,776 2,188
Total liabilities 671,432 657,538
Commitments and contingencies (Note 15)
EQUITY    
Common stock ($0.01 par); authorized shares 450,000,000; issued shares 140,872,846 and 140,872,846 on March 31, 2026 and December 31, 2025, respectively; outstanding shares 109,450,306 and 111,805,102 on March 31, 2026 and December 31, 2025, respectively 1,409 1,409
Preferred stock ($0.01 par); authorized shares 50,000,000; no shares issued or outstanding on March 31, 2026 and December 31, 2025 0 0
Additional paid-in capital 1,103,372 1,108,525
Accumulated deficit (244,320) (248,634)
Treasury stock, at cost; shares 31,422,540 and 29,067,744 on March 31, 2026 and December 31, 2025, respectively (289,461) (261,131)
Accumulated other comprehensive income 4,185 3,271
Total equity 575,185 603,440
Total liabilities and equity $ 1,246,617 $ 1,260,978