| Schedule of Components of Debt |
The following table sets forth the components of debt as of June 30, 2026 and December 31, 2025:
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June 30, 2026 |
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December 31, 2025 |
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Principal
Outstanding |
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Unamortized
Discount
and
Issuance Cost |
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Carrying
Amount |
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Principal
Outstanding |
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Unamortized
Discount
and
Issuance Cost |
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|
Carrying
Amount |
|
2027 Notes |
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$ |
26,000 |
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|
$ |
(240 |
) |
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$ |
25,760 |
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$ |
130,000 |
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$ |
(1,752 |
) |
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$ |
128,248 |
|
2029 Notes |
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|
218,500 |
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|
(6,386 |
) |
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212,114 |
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218,500 |
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(7,223 |
) |
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|
211,277 |
|
2031 Notes |
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170,500 |
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(5,159 |
) |
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165,341 |
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— |
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— |
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— |
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CIBC loan, due 2026 |
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435 |
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(3 |
) |
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432 |
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1,129 |
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(3 |
) |
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1,126 |
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Total term loans |
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415,435 |
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(11,788 |
) |
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403,647 |
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349,629 |
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(8,978 |
) |
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340,651 |
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Revolving line of credit and other |
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12,456 |
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(38 |
) |
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12,418 |
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12,762 |
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(12 |
) |
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12,750 |
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Total debt |
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$ |
427,891 |
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$ |
(11,826 |
) |
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$ |
416,065 |
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$ |
362,391 |
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$ |
(8,990 |
) |
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$ |
353,401 |
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The outstanding debt as of June 30, 2026 and December 31, 2025 is classified in the condensed consolidated balance sheets as follows:
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June 30,
2026 |
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December 31,
2025 |
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Current liabilities - Current debt obligations |
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$ |
12,324 |
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$ |
13,567 |
|
Noncurrent liabilities - Long-term debt, net of current maturities |
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403,741 |
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339,834 |
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Total debt |
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$ |
416,065 |
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$ |
353,401 |
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| Schedule of Components of Interest Expense |
The table below sets forth the components of interest expense for the three and six months ended June 30, 2026 and 2025:
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Three Months Ended
June 30, |
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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 expense on the 2027 Notes |
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Stated interest at 4.50% per annum |
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$ |
293 |
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$ |
1,795 |
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$ |
1,412 |
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$ |
3,570 |
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Amortization of discount and issuance cost |
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40 |
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|
267 |
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|
227 |
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|
528 |
|
Total interest expense related to the 2027 Notes |
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|
333 |
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|
2,062 |
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|
1,639 |
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|
4,098 |
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Interest expense on the 2029 Notes |
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|
Stated interest at 3.50% per annum |
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1,906 |
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1,906 |
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3,792 |
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|
3,792 |
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Amortization of discount and issuance cost |
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423 |
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|
405 |
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|
837 |
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|
801 |
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Total interest expense related to the 2029 Notes |
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2,329 |
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|
2,311 |
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4,629 |
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|
4,593 |
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Interest expense on the 2031 Notes |
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Stated interest at 4.00% per annum |
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1,705 |
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— |
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2,182 |
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— |
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Amortization of discount and issuance cost |
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237 |
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— |
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293 |
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— |
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Total interest expense related to the 2031 Notes |
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1,942 |
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— |
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2,475 |
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— |
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Interest expense on other debt obligations: |
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Contractual interest |
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72 |
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142 |
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263 |
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327 |
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Amortization of discount and issuance cost |
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12 |
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12 |
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25 |
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25 |
|
Total interest expense related to other debt obligations |
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84 |
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154 |
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|
288 |
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|
352 |
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Total interest expense |
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$ |
4,688 |
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$ |
4,527 |
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$ |
9,031 |
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$ |
9,043 |
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