Revolving Credit Facility |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Debt Disclosure [Abstract] | |
| Revolving Credit Facility | Note 8 -- Revolving Credit Facility The Company had a $36,000 outstanding balance under a senior secured revolving credit facility with Fifth Third Bank (“Revolving Credit Facility”) as of March 31, 2026 and December 31, 2025. The Revolving Credit Facility, as amended on November 5, 2025, currently provides borrowing capacity of up to $150,000 and expires on November 5, 2030. Borrowings under the Revolving Credit Facility bear interest at an annual rate equal to the one or three month SOFR plus a ten basis points adjustment plus a margin based on the debt-to-capital ratio, with interest payments due in arrears on January 1, April 1, July 1, and October 1. In addition, the Company is subject to an unused commitment fee. Interest expense for the Revolving Credit Facility was $467 and $669 for the three months ended March 31, 2026 and 2025, respectively. As of March 31, 2026, the Company was in compliance with all required covenants and had an available borrowing capacity of $114,000. |