v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurements, Recurring and Nonrecurring
The fair value hierarchy levels, carrying amounts and related fair values of the Company’s financial assets and liabilities as of June 30, 2026 and December 31, 2025 were as follows (in thousands):
June 30, 2026December 31, 2025
Fair Value Hierarchy
Carrying Amount
Fair Value
Carrying Amount
Fair Value
Assets:
Cash and cash equivalents:
Money market investmentsLevel 1$82,347 $82,347 $70,261 $70,261 
Prepaid and other current assets:
MBI Net Option(1)
Level 3$— $— $31,830 $31,830 
Other noncurrent assets (including current portion):
Interest rate swap assetLevel 2$39,324 $39,324 $25,187 $25,187 
Liabilities:
MBI Option Liability:
MBI option(1)
Level 3$425,970 $425,970 $— $— 
Long-term debt (including current portion):
Term loansLevel 2$1,657,832 $1,467,181 $1,706,812 $1,641,873 
Revolving Credit FacilityLevel 2$550,000 $453,750 $— $— 
Senior NotesLevel 2$502,646 $270,172 $582,013 $448,907 
Convertible Notes(2)
Level 2$345,000 $224,250 $920,000 $849,275 
(1)Based on the quarter-end revaluation, the MBI option was reclassified from a current asset to a current liability as of June 30, 2026.
(2)The $575.0 million aggregate principal amount of 2026 Notes matured in March 2026. Therefore, the balances shown as of June 30, 2026 only reflect the 2028 Notes.