v3.25.2
Fair Value Measurements
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The following table shows the gross amount and fair value of the Term Loans due 2026 and 2029 and the Senior Notes due 2026 and 2029 based on third party trading prices (dollars in thousands):
June 30, 2025December 31, 2024
Term Loan due 2026:
Gross value$1,203 $1,203 
Fair value - Level 2$301 $541 
Term Loan due 2029:
Gross value$325,073 $326,514 
Fair value - Level 2$75,622 $123,179 
Senior Notes due 2026:
Gross value$22,697 $22,697 
Fair value - Level 2$14,626 $18,342 
Senior Notes due 2029:
Gross value$319,730 $321,181 
Fair value - Level 2$70,466 $110,294 
The Company invests in governmental money market funds that have a maturity of three months or less at the date of purchase which are classified as cash equivalents. Due to the short maturity, the Company believes the carrying amount of the cash equivalents approximates fair value. The following table details the fair value measurements of the Company's investments as of June 30, 2025 and December 31, 2024 (dollars in thousands):
Level 1 Level 2Level 3
June 30, 2025December 31, 2024June 30, 2025December 31, 2024June 30, 2025December 31, 2024
Cash equivalents$30,162 $— $— $— $— $—