v3.26.1
Fair Value of Financial Assets and Liabilities (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Reconciliation of Investment in Convertible Note the reconciliation of beginning and ending balances were as follows (in thousands):

 

 

For the Three Months
Ended June 30,

 

 

For the Six Months
 Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Balance at beginning of period

 

$

885

 

 

$

3,954

 

 

$

655

 

 

$

4,207

 

Investment

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Change in fair value

 

 

1,739

 

 

 

253

 

 

 

1,969

 

 

 

—

 

Balance at end of period

 

$

2,624

 

 

$

4,207

 

 

$

2,624

 

 

$

4,207

 
Summary of Fair Value and Carrying Value of Long-Term Debt

The fair value and carrying value of debt as of June 30, 2026 and December 31, 2025 were as follows (in thousands):

 

 

June 30, 2026

 

 

December 31, 2025

 

 

 

Fair Value (1)

 

Carrying
Value

 

 

Fair Value (1)

 

Carrying
Value

 

2021 Term Loan Facility

 

$

558,000

 

$

600,464

(2)

 

$

550,000

 

$

600,225

(2)

HPS Term Loan Facility

 

 

217,000

 

 

221,924

(3)

 

 

238,000

 

 

243,273

(3)

 

(1)
Fair value amounts are rounded to the nearest million.
(2)
Carrying value of the 2021 Term Loan Facility reflects the unaccreted debt discount of $1.0 million and $1.2 million as of June 30, 2026 and December 31, 2025, respectively. See Note 8, “Long-Term Debt and Other Liabilities,” for further information.
(3)
Carrying value of the HPS Term Loan Facility reflects the unaccreted debt discount of $2.6 million and $3.6 million as of June 30, 2026 and December 31, 2025, respectively. See Note 8, “Long-Term Debt and Other Liabilities,” for further information.