v3.25.2
Debt (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
Revolver
June 30,
2025
December 31,
2024
(in thousands)
Total Revolver commitment$500,000 $200,000 
Less: Revolver borrowings outstanding 317,277 76,467 
Less: Standby letter of credit654 300 
Borrowings available under the Revolver$182,069 $123,233 
The Revolver expires on May 27, 2030.
Term Loan
June 30,
2025
December 31,
2024
(in thousands)
Term loan, short-term$— $16,000 
Term loan, long-term— 62,424 
       Total Term Loan$— $78,424 
Debt Instrument, Schedule of Interest Rate
Weighted average interest rate of our borrowings outstanding are as follows:
Three months endedSix months ended
 June 30,
2025
June 30,
2024
June 30,
2025
June 30,
2024
Revolver5.6%6.6%5.6%6.6%
Term loan5.7%
*1
5.7%
*1
1 Funds were borrowed on December 16, 2024. No borrowings outstanding during the six months ended June 30, 2024.