v3.26.1
DEBT AND FINANCING ARRANGEMENTS (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Summary of Classification Between Short-Term and Long-Term Debt
The balance outstanding under the 2024 Credit Facilities at December 31, 2025 and 2024 was as follows (in thousands):
20252024
Short-term debt
Current portion, Term Loan
$70,000 $70,000 
Current portion debt issuance costs, Term Loan(3,628)(3,823)
Total short-term debt$66,372 $66,177 
Long-term debt
Revolver Facility$142,400 $20,900 
Debt issuance costs, Revolver(6,495)(7,160)
Long-term portion, Term Loan
1,260,000 1,330,000 
Long-term portion Debt Issuance Costs, Term Loan
(6,353)(9,985)
Total long-term debt$1,389,552 $1,333,755 
Summary of Unsecured Credit Facility
The blended interest rates under the 2024 Credit Facilities and 2022 credit facility, including the impact of interest rate swaps associated with those credit facilities for the year ended December 31, 2025 and 2024, were as follows:
20252024
Weighted average blended interest rate6.56%6.00%
Range of blended interest rates
3.54% - 6.84%
1.93% - 6.84%
Summary of Recognized Interest Expense Interest expense, including amortization of deferred financing costs, commitment fees, line of credit fees, and other applicable bank charges, was as follows (in thousands):
202520242023
Credit facilities
$107,201 $34,376 $20,093 
Other line of credit— — 1 
Other14 3 37 
$107,215 $34,379 $20,131