v3.26.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Long-term debt consisted of the following (in thousands):
March 31, 2026December 31, 2025
Senior secured loans (includes unamortized discount and debt costs of $6,006 and $6,094 based on an imputed interest rate of 10.4% and 10.4%, at March 31, 2026 and December 31, 2025, respectively)
$227,672 $232,406 
Less current maturities(4,127)(7,739)
Total long-term debt$223,545 $224,667 
Schedule of Debt, Interest Rate Swap
The impact of the Company’s interest rate swaps on its condensed consolidated statements of comprehensive loss for the three months ended March 31, 2026 and March 31, 2025 was as follows (in thousands):
Three Months Ended March 31,
20262025
Amounts reclassified from accumulated other comprehensive loss to interest expense, net
$(1,137)$(3,890)
The impact of the Company’s interest rate derivatives on its condensed consolidated statements of operations for the three months ended March 31, 2026 and March 31, 2025 was as follows (in thousands):
Three Months Ended March 31,
20262025
Unrealized gain (loss) in fair value of interest rate derivatives
$90 $(2,164)
Amounts reclassified from accumulated other comprehensive loss to interest expense, net
1,137 3,890 
Cash payments on interest rate swaps
— 1,663 
Total income (expense) from interest rate derivatives in interest expense, net
$1,227 $3,389