v3.26.1
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments The table below presents the fair value of the Company’s derivatives on a gross basis and the balance sheet classification of those instruments:
March 31, 2026December 31, 2025
Balance Sheet ClassificationAssetLiabilityAssetLiability
Derivatives designated as hedging instruments:
Interest rate swaps
Accrued expenses and other$— $(0.6)$— $(1.2)
Other liabilities— — — — 
Derivatives not designated as hedging instruments:
Foreign currency forward contractsPrepaid expenses and other$0.9 $— $0.3 $— 
Other current liabilities— (0.6)— (0.6)
The following table presents the pre-tax effects of cash flow hedges included in the Company’s condensed consolidated statements of comprehensive loss:
Pre-Tax Gain (Loss) Included in Other Comprehensive (Loss) Income
Three Months Ended March 31,
20262025
Interest rate swaps$0.4 $(0.7)
The following table presents amounts reclassified out of accumulated other comprehensive loss and recognized in the condensed consolidated statements of operations:
Amounts Reclassified from Other Comprehensive Loss into Earnings
Three Months Ended March 31,
Statement of Operations Classification20262025
Interest rate swapsInterest expense$0.2 $— 
The following table presents a summary of the gain for derivative contracts not designated as hedges included in the Company’s condensed consolidated statements of operations:
Gain on Derivatives Recognized in Earnings
Three Months Ended March 31,
Statement of Operations Classification20262025
Foreign currency forward contractsForeign exchange gain (loss)$0.6 $0.4