v3.25.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Long-term debt consisted of the following (in thousands):
March 31, 2025December 31, 2024
Senior secured loans (includes unamortized discount of $2,918 and $3,456 based on an imputed interest rate of 6.7% and 6.6%, at March 31, 2025 and December 31, 2024, respectively)
$256,506 $290,194 
Less current maturities(3,232)(3,224)
Total long-term debt$253,274 $286,970 
Schedule of Debt, Interest Rate Swap The impact of the Company’s derivative financial instruments on its condensed consolidated statements of comprehensive (loss) income for the three months ended March 31, 2025 and March 31, 2024 was as follows (in thousands):
Three Months Ended March 31,
20252024
Unrealized gain (loss) recognized in Other comprehensive income (loss) on interest rate swaps$— $1,619 
Amounts reclassified from Accumulated other comprehensive income (loss) to interest expense, net(3,890)(1,457)
Total Other comprehensive income (loss) on interest rate swaps$(3,890)$162