Debt (Tables)

6 Months Ended

Jun. 30, 2025

As of June 30, 2025 and December 31, 2024, "Long-term debt, net" consisted of the following:


		June 30,		December 31,
	Maturity	2025		2024

		in thousands
2025 JPM Credit Facility	March 2030	$	111,599	$	—
Prior JPM Credit Facility (1)	October 2026	—		50,296
BAC Credit Facility	December 2026	38,871		30,193
State Farm Term Loan	September 2033	25,000		25,000
Notes payable	2025	580		792
Total debt		176,050		106,281
Less: BAC Credit Facility, current portion		(21,596)		—
Less: Notes payable, current portion		(580)		(792)
Less: Unamortized debt issuance costs related to the State Farm Term Loan		(491)		(521)
Total long-term debt, net		$	153,383	$	104,968

(1) The Prior JPM Credit Facility, originally scheduled to mature in October 2026, was terminated upon the initiation of the 2025 JPM Credit Facility.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details