v3.26.1
Supplier Financing Arrangements
3 Months Ended
Mar. 31, 2026
Payables and Accruals [Abstract]  
Supplier Finance Arrangement Supplier Financing Arrangements
The Company entered into a supplier financing arrangement with a third-party financial institution which allows participating suppliers the ability to request early payment for eligible receivables due from the Company at their sole discretion. The Company’s obligations to its suppliers, including amounts due and scheduled payment terms, are not impacted by a suppliers’ decision to sell amounts under the arrangement. Payment terms with our suppliers, which we deem to be commercially reasonable, range from 0 to 120 days. Outstanding payment obligations subject to the Company's supplier finance program at March 31, 2026 and March 31, 2025 were $9.0 million and $13.4 million, respectively, and are included in Accounts payable in the Condensed Consolidated Balance Sheets.
The following tables present the changes in outstanding obligations under supplier financing arrangements:
(in thousands)March 31, 2026
Obligations outstanding at December 31, 2025$8,028 
New obligations7,720 
Payments against supplier obligations(6,716)
Obligations outstanding at March 31, 2026$9,032 
(in thousands)March 31, 2025
Obligations outstanding at December 31, 2024$11,971 
New obligations12,490 
Payments against supplier obligations(11,012)
Obligations outstanding at March 31, 2025$13,449