v3.26.1
DEBT AND FINANCING ARRANGEMENTS (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Summary of Classification Between Short-Term and Long-Term Debt
The balance outstanding under the 2024 Credit Facilities at June 30, 2026 and December 31, 2025 was as follows (in thousands):
June 30, 2026December 31, 2025
Short-term debt
Current portion, Term Loan
$87,500 $70,000 
Current portion debt issuance costs, Term Loan(3,525)(3,628)
Total short-term debt$83,975 $66,372 
Long-term debt
Revolver Facility$178,500 $142,400 
Debt issuance costs, Revolver(5,648)(6,495)
Long-term portion, Term Loan
1,207,500 1,260,000 
Long-term portion Debt Issuance Costs, Term Loan
(4,618)(6,353)
Total long-term debt$1,375,734 $1,389,552 
Summary of Unsecured Credit Facility
The blended effective interest rates under the 2024 Credit Facilities, including the impact of interest rate swaps associated with those credit facilities, for the six months ended June 30, 2026 and 2025 were as follows:
Six Months Ended June 30,
20262025
Weighted average rates6.06%6.67%
Range of effective rates
3.54% - 6.84%
3.18% - 8.75%
Summary of Recognized Interest Expense Interest expense, including amortization of deferred financing costs, commitment fees, line of credit fees, and other applicable bank charges, for the three and six months ended June 30, 2026 and 2025 was as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Credit facilities$24,309 $27,862 $48,224 $53,018 
Other26 5 27 5 
Total$24,335 $27,867 $48,251 $53,023