Debt (Tables)

3 Months Ended

Mar. 31, 2026

Debt is comprised of the following indebtedness to various lenders:


(in millions)	March 31, 2026		December 31, 2025
Second Amended and Restated Term Loan Facility due 2032, net(a)	$	502.7	$	503.8
Less: Current maturities		5.2		5.2
Long-term debt, net of current maturities, debt discount and deferred financing fees	$	497.5	$	498.6

(a)

The Second Amended and Restated Term Loan Facility (as defined below) with interest at SOFR plus 3.25% as of March 31, 2026 and December 31, 2025 (equal to 6.92% and 6.97% at March 31, 2026 and December 31, 2025, respectively), scheduled to mature on January 30, 2032, was recorded net of unamortized discount of $6.5 million and net of unamortized deferred financing fees of $1.9 million as of March 31, 2026. The Second Amended and Restated Term Loan Facility as of December 31, 2025 was recorded net of unamortized discount of $6.7 million and net of unamortized deferred financing fees of $2.0 million. The fair market value of the Company’s debt under the Second Amended and Restated Term Loan Facility was $511.3 million as of March 31, 2026.

Summary of Interest Expense

Interest expense reported in the condensed consolidated statements of income consists of the following:


	Three Months Ended March 31,
(in millions)	2026		2025
Second Amended and Restated Term Loan Facility	$	9.0	$	10.2
Second Amended and Restated Term Loan Facility third-party fees		—		6.4
Non-cash interest for amortization of debt discount and debt issuance costs		0.3		0.7
Revolving credit facility interest and commitment fees		0.1		0.1
Total interest expense	$	9.4	$	17.4