v3.26.1
Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Company's Long-Term Debt and Credit Facilities

The following table summarizes the Company’s long-term debt and credit facilities as of June 30, 2026 and December 31, 2025:

 

 

June 30, 2026

 

 

December 31, 2025

 

 

 

(in thousands)

 

Convertible debt

 

$

885

 

 

$

885

 

Term loan facility

 

 

72,188

 

 

 

74,063

 

FHLB loan agreements

 

 

 

 

 

5,500

 

Total principal amount

 

$

73,073

 

 

$

80,448

 

Deferred finance costs

 

$

1,786

 

 

$

2,020

 

Total long-term debt

 

$

71,287

 

 

$

78,428

 

Schedule of Principal Payments on Long-Term Debt

The schedule of principal payments on long-term debt as of June 30, 2026 is as follows:

Year

 

Amount

 

 

 

(In thousands)

 

2026 remaining

 

$

1,875

 

2027

 

 

3,750

 

2028

 

 

4,675

 

2029

 

 

5,600

 

2030

 

 

56,288

 

Thereafter

 

 

885

 

Total

 

$

73,073