Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Fair Value of Outstanding Derivative Contracts

The following tables summarize the fair value of the Company’s outstanding derivative contracts included within the Condensed Consolidated Balance Sheets.


	March 31, 2026
	Fair Value (Level 2)
(in thousands)	Notional Amount		Assets		Liabilities		Location on Balance Sheet	Term
Undesignated derivatives:
Interest rate swap	$	750,000	$	994	$	—	Prepaid expenses and other current assets and Other assets	Various through 4/3/2028
Commodity hedges	2,943		331		—		Prepaid expenses and other current assets	Various through 1/5/27

Interest rate cap	52,447		63		—		Other long-term assets	Various through 9/15/31
Total undesignated derivatives			$	1,388	$	—


	December 31, 2025
	Fair Value (Level 2)
(in thousands)	Notional Amount		Assets		Liabilities		Location on Balance Sheet	Term
Undesignated derivatives:
Interest rate swap	$	750,000	$	—	$	3,341	Other current liabilities and long-term liabilities	Various through 4/3/2028
Commodity hedges	3,177		281		14		Prepaid expenses and other current assets and Other current liabilities	Various through 12/31/25

Interest rate cap	55,091		38		—		Other long-term assets	Various through 9/15/31
Total undesignated derivatives			$	319	$	3,355

Non-cash Effects of Derivative Instruments

The following table presents the combined cash and non-cash effects of derivative instruments on the Company’s Condensed Consolidated Statements of Comprehensive Income.


		Gain/(Loss) Recognized on Undesignated Derivatives
(in thousands)	Location in Statement of	Three Months Ended March 31,
Undesignated Derivatives	Comprehensive Income	2026		2025
Interest rate swap	Interest expense, net	$	4,503	$	(4,703)
Foreign currency hedges	Cost of sales	306		(62)
Commodity hedges	Cost of sales	61		(27)
Interest rate cap	Interest expense, net	25		(80)
		$	4,895	$	(4,872)