v3.25.2
Debt Obligations (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Outstanding debt obligations consisted of the following:
June 30, 2025December 31, 2024
2024 Credit Agreement
Term facility - matures May 16, 2031, interest rate of 9.08% and 9.11% at June 30, 2025 and December 31, 2024, respectively
$935,537 $945,537 
Revolving credit facility - $70.0 million line matures May 16, 2029, interest rate of 8.58% and 8.61% at June 30, 2025 and December 31, 2024, respectively
— — 
Total debt obligations935,537 945,537 
Less: current portion of long-term debt(4,254)(9,503)
Less: unamortized debt discounts and deferred financing costs(14,266)(15,146)
Long-term debt, net$917,017 $920,888 
Schedule of Interest Expense for Outstanding Debt
Interest expense for outstanding debt, including fees for undrawn amounts and amortization of deferred financing costs and debt discounts was as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2025202420252024
Interest expense(1),(2)
$23,054 $21,710 $46,230 $42,590 
(1)Included in interest expense is $1.0 million and $2.0 million related to the accretion of deferred consideration from acquisitions for the three and six months ended June 30, 2025, respectively, and $1.2 million and $2.2 million for the three and six months ended June 30, 2024, respectively.
(2)Interest expense included amortization of deferred financing costs and debt discounts of $0.5 million and $0.9 million for the three and six months ended June 30, 2025, respectively, and $0.8 million and $1.8 million for the three and six months ended June 30, 2024, respectively.