v3.26.1
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Schedule of Accumulated Other Comprehensive (Loss) Income

The table below presents the components of our Accumulated other comprehensive loss balance (in thousands):

 

 

June 30,

 

 

December 31,

 

 

2026

 

 

2025

 

 

2025

 

Foreign currency translation adjustments

 

$

(18,931

)

 

$

(11,803

)

 

$

(13,323

)

Unrealized gains on interest rate swaps, net of tax

 

 

4,670

 

 

 

10,309

 

 

 

6,803

 

Accumulated other comprehensive loss

 

$

(14,261

)

 

$

(1,494

)

 

$

(6,520

)
Schedule of Recent Accounting Pronouncements

The following table summarizes recent accounting pronouncements that we plan to adopt in future periods:

 

Standard

Description

Effective Date

Effect on Financial

Statements and Other

Significant Matters

Accounting Standards Update (ASU) 2025-06, Intangibles—Goodwill and Other— Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software

 

In September 2025, the FASB issued ASU 2025-06, which modernizes the accounting for internal-use software to current development practices, clarifies when to begin capitalizing costs and enhances disclosure requirements.

 

For annual periods beginning after December 15, 2027, including interim periods within those fiscal years. The ASU may be adopted on a prospective or retrospective basis with early adoption permitted.

We are currently evaluating the impact that the adoption of this standard will have on our consolidated financial statements and related disclosures.

 

ASU 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses and related amendments

In November 2024, the FASB issued ASU 2024-03, which adds new disclosure requirements, including more detailed information about certain income statement expense line items and a separate disclosure for selling expenses.

 

For annual periods beginning after December 15, 2026, and interim periods beginning after December 15, 2027. The ASU may be adopted on a prospective or retrospective basis with early adoption permitted.

We are currently evaluating the impact that the adoption of this standard will have on our disclosures.

ASU 2023-06, Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative

 

In October 2023, the FASB issued ASU 2023-06, which will impact various disclosure areas, including the statement of cash flows, accounting changes and error corrections, earnings per share, debt, equity, derivatives and transfers of financial assets.

 

On the date the related disclosures are removed from Regulation S-X or Regulation S-K by the SEC and will no longer be effective if the SEC has not removed the applicable disclosure requirement by June 30, 2027. Early adoption is prohibited.

 

We do not expect that the adoption of this standard will have a material impact on our consolidated financial statements or related disclosures.