v3.25.4
Description of Business and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Fair Value and Carrying Value of Debt

As of December 31, 2025 and 2024, the fair value and carrying value of the Company’s debt is summarized in the following table:

 

 

December 31, 2025

 

(in millions)

 

Fair
Value

 

 

Carrying
Value

 

Second Amended and Restated Term Loan Facility, with
   interest at SOFR plus
3.25% (equal to 6.97%)
   at period end, including short-term portion

 

$

516.6

 

 

$

512.5

 

Total

 

$

516.6

 

 

$

512.5

 

 

 

 

December 31, 2024

 

(in millions)

 

Fair
Value

 

 

Carrying
Value

 

Previous Extended Term Loan Facility, with
   interest at SOFR plus
5.10% (equal to 9.46%)
   at period end, including short-term portion

 

$

411.0

 

 

$

409.2

 

Total

 

$

411.0

 

 

$

409.2

 

 

Schedule of Estimated Useful Lives of Finite-Lived Intangible Assets Intangible assets with finite lives are stated at cost, less accumulated amortization and impairment losses, if any.

 

 

Estimated
Useful Life

 

Weighted
Average

Customer relationship intangibles

 

2-10 years

 

7 years

Definite-lived trade names

 

3-30 years

 

19 years

Acquired technology

 

3-7 years

 

6 years

Acquired content

 

5.5-7 years

 

6 years

Computer software

 

3-5 years

 

4 years