v3.26.1
Debt (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Components of Long-Term Debt

The following table presents the components of long-term debt in the unaudited Condensed Consolidated Balance Sheets as of June 30, 2026 and December 31, 2025 under the Company's credit agreement ("2019 Credit Agreement").

 

 

 

June 30, 2026

 

December 31, 2025

(in thousands)

 

Amount

 

 

Interest Rate

 

Effective Interest Rate

 

Amount

 

 

Interest Rate

 

Effective Interest Rate

Term Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Due September 2032

 

$

977,613

 

 

5.48%

 

5.64%

 

$

982,538

 

 

5.67%

 

5.86%

Term loan principal outstanding

 

 

977,613

 

 

 

 

 

 

 

982,538

 

 

 

 

 

Unamortized debt issuance costs

 

 

(3,144

)

 

 

 

 

 

 

(8,508

)

 

 

 

 

Unamortized debt discount

 

 

(6,495

)

 

 

 

 

 

 

(4,016

)

 

 

 

 

Long-term debt, net

 

$

967,974

 

 

 

 

 

 

$

970,014

 

 

 

 

 

Schedule of Components of Interest Expense and Other Financing Costs

The following table presents the components of interest expense and other financing costs on the unaudited Condensed Consolidated Statements of Operations for the periods ended June 30, 2026 and 2025.

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(in thousands)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Interest expense

 

$

13,821

 

 

$

16,247

 

 

$

27,745

 

 

$

32,437

 

Amortization of debt issuance costs

 

 

185

 

 

 

755

 

 

 

381

 

 

 

1,504

 

Amortization of debt discount

 

 

295

 

 

 

295

 

 

 

617

 

 

 

587

 

Amortization of deferred gain on terminated interest rate swap

 

 

(2,118

)

 

 

(4,154

)

 

 

(2,556

)

 

 

(8,263

)

Other

 

 

9

 

 

 

91

 

 

 

86

 

 

 

180

 

Total

 

$

12,192

 

 

$

13,234

 

 

$

26,273

 

 

$

26,445