v3.26.1
Debt and Short-Term Borrowings (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Summary of Total Debt
Debt at June 30, 2026 and December 31, 2025 was as follows:
(In thousands)June 30, 2026December 31, 2025
2027 Term A Loan bearing interest at a variable interest rate (SOFR plus applicable margin(1)(2))
$392,350 $403,770 
2030 Term B Loan bearing interest at a variable interest rate (SOFR plus applicable margin(1)(3))
857,932 673,127 
Revolving Facility(4)
35,000 10,000 
Deferred consideration from business combinations2,339 6,175 
Note payable due on September 1, 2030(1)
5,290 5,808 
Other borrowings1,423 $— 
Total debt$1,294,334 $1,098,880 
 
(1)Net of unaccreted discount and unamortized debt issue costs, as applicable.
(2)Subject to a minimum rate ("SOFR floor") of 0.00% plus applicable margin of 2.00% at June 30, 2026 and 1.75% at December 31, 2025.
(3)Subject to a SOFR floor of 0.50% plus applicable margin of 2.25% at June 30, 2026 and December 31, 2025.
(4)Subject to a SOFR of 3.75% plus applicable margin of 2.00% at June 30, 2026 and to a Prime rate of 6.75% plus applicable margin of 0.75% at December 31, 2025.
Schedule of Interest Rate Swap Transaction
Swap AgreementEffective date  Maturity Date  Notional Amount  Variable Rate  Fixed Rate
2023 SwapNovember 2024December 2027$250 million1-month SOFR3.375%
2024 SwapMarch 2024October 2027$150 million1-month SOFR4.182%
2024 SwapMarch 2024October 2027$150 million1-month SOFR4.172%