v3.26.1
Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Carrying Value and Estimated Fair Value of Long-term Debt The carrying value and the estimated fair value of debt, net are as follows:

 

Level in

March 31, 2026

 

December 31, 2025

 

Fair Value

Carrying

 

Estimated

 

Carrying

 

Estimated

 

($ in thousands)

Hierarchy

Amount

 

Fair Value

 

Amount

 

Fair Value

 

Term Loan

 

2

$

 

678,954

 

$

 

686,217

 

$

 

680,339

 

$

 

692,235

 

Senior Notes

 

2

 

 

 

347,874

 

 

 

 

335,125

 

 

 

 

347,706

 

 

 

 

346,500

 

Amended Revolver

 

2

 

 

 

26,000

 

 

 

 

26,000

 

 

 

 

 

 

 

 

 

Other debt(1)

 

2

 

 

 

2,789

 

 

 

 

2,869

 

 

 

 

 

 

 

 

 

(1) Other debt consists of immaterial equipment financing arrangements entered into in the normal course of business, including certain equipment leases accounted for as financing arrangements.

Summary of Change in Fair Value of Equity Securities The following summarizes the change in fair value of equity securities included in selling, general and administrative expenses on the condensed consolidated statements of operations and comprehensive income which consists of adjustments related to the equity securities re-measured to fair value at the end of the reporting period:

 

 

 

Three Months Ended

 

($ in thousands)

 

March 31, 2026

 

Beginning balance

 

$

 

Equity securities acquired from legal settlement

 

 

7,865

 

Change in fair value of equity securities

 

 

(1,508

)

Foreign currency translation adjustment

 

 

(289

)

Ending balance

 

$

6,068