| Summary of Interest Costs |
The following is a summary of our interest costs for the three- and six-month periods ended June 30, 2026 and 2025 (in thousands):
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For the Three Months
Ended June 30, |
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For the Six Months
Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Interest costs charged to expense |
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$ |
16,884 |
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$ |
17,605 |
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|
$ |
32,992 |
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$ |
35,098 |
|
Amortization of deferred financing costs |
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|
937 |
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|
862 |
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|
1,841 |
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|
1,699 |
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Amortization of the purchase price of interest rate caps |
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355 |
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|
490 |
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|
807 |
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1,230 |
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Interest rate cap benefit |
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(1,075 |
) |
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(2,977 |
) |
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(2,155 |
) |
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(5,905 |
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Accretion of debt discount |
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492 |
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431 |
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|
954 |
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|
847 |
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Interest expense |
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17,593 |
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|
16,411 |
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34,439 |
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|
32,969 |
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Interest costs capitalized to property and equipment |
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— |
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|
966 |
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1,004 |
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|
1,895 |
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Interest costs capitalized to software |
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211 |
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495 |
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556 |
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|
953 |
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Total interest costs |
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$ |
17,804 |
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$ |
17,872 |
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$ |
35,999 |
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$ |
35,817 |
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