9. Interest Rate Swap

On April 28, 2025, the Company executed a pay-fixed, receive-floating interest rate swap (the “Swap”) to mitigate variability in forecasted interest payments on an aggregate notional amount of $250,000 of the Company’s variable-rate First Lien Term Loan. The Swap has an effective date of June 30, 2025, with a maturity date of June 30, 2027. The Company designated the Swap as a cash flow hedge.

As of June 30, 2025 and December 31, 2024, the current portion of the fair value of the Swap was $1,096 and $0, respectively, and is included in prepaid and other current assets in the accompanying consolidated balance sheets.

As of June 30, 2025 and December 31, 2024, the long-term portion of the fair value of the Swap was $630 and $0, respectively, and is included in other long-term liabilities in the accompanying consolidated balance sheets.

For the three and six months ended June 30, 2025 and 2024, amounts reported in other comprehensive income in the accompanying consolidated statements of operations and comprehensive income are net of tax of $116 and $0, respectively.