v3.26.1
Accumulated Other Comprehensive Loss
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss
Reclassifications out of Accumulated other comprehensive loss for the three and six months ended June 30, 2026 and 2025, were as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
Cash flow hedgesIncluded in Income Statement line-item2026202520262025
Interest rate swapsInterest expense, net$(604)$2,914 $(940)$5,577 
Income tax effect (1)
Income tax expense149 (703)232 (1,348)
Total gain/(loss) on cash flow hedges$(455)$2,211 $(708)$4,229 
(1)Income tax effects are released from Accumulated other comprehensive loss contemporaneously with the related gross pretax amount.
Changes in Accumulated other comprehensive loss for the three and six months ended June 30, 2026 and 2025, were as follows (in thousands):
Three Months Ended June 30,
20262025
Debt SecuritiesCashCurrencyAccumulatedDebt SecuritiesCashCurrencyAccumulated
Available-for-saleFlow HedgesTranslation Adjustments
Other Comp. Loss (1)
Available-for-saleFlow HedgesTranslation Adjustments
Other Comp. Loss (1)
Balance as of beginning of period$(14)$2,605 $(287,190)$(284,599)$24 $169 $(365,106)$(364,913)
Other comprehensive gain/(loss) before reclassifications128 (2,653)(7,052)(9,577)148 (4,086)87,328 83,390 
Reclassifications, net— 455 — 455 — (2,211)— (2,211)
Net current period other comprehensive gain/(loss)128 (2,198)(7,052)(9,122)148 (6,297)87,328 81,179 
Balance as of end of period$114 $407 $(294,242)$(293,721)$172 $(6,128)$(277,778)$(283,734)
(1)Net of deferred taxes for unrealized (gains)/losses from cash flow hedges of $0.7 million and $(2.0) million for the three months ended June 30, 2026 and 2025, respectively.
Six Months Ended June 30,
20262025
Debt SecuritiesCashCurrencyAccumulatedDebt SecuritiesCashCurrencyAccumulated
Available-for-saleFlow HedgesTranslation Adjustments
Other Comp. Loss (1)
Available-for-saleFlow HedgesTranslation Adjustments
Other Comp. Loss (1)
Balance as of beginning of period$126 $(5,731)$(281,410)$(287,015)$205 $2,111 $(445,710)$(443,394)
Other comprehensive gain/(loss) before reclassifications(12)5,430 (12,832)(7,414)(33)(4,010)167,932 163,889 
Reclassifications, net— 708 — 708 — (4,229)— (4,229)
Net current period other comprehensive gain/(loss)(12)6,138 (12,832)(6,706)(33)(8,239)167,932 159,660 
Balance as of end of period$114 $407 $(294,242)$(293,721)$172 $(6,128)$(277,778)$(283,734)
(1)Net of deferred taxes for unrealized gains from cash flow hedges of $(0.1) million and $(2.0) million for the six months ended June 30, 2026 and 2025, respectively.
Stockholders' Equity
In February 2022, the Board of Directors approved a share repurchase program under which the Company is authorized to repurchase up to $150.0 million of its outstanding common stock. During the three months ended June 30, 2026, the Company repurchased 587,642 shares of its common stock at an average price of $17.02 per share for a total of $10.0 million. During the six months ended June 30, 2026, the Company repurchased 1,134,323 shares of its common stock at an average price of $17.63 per share for a total of $20.0 million. Share repurchases are subject to restrictive covenants contained in the Company's credit facilities and the indentures that govern its senior notes. The Company's practice is to retire the shares it repurchases. As of June 30, 2026, there was $27.7 million remaining for share repurchases under the program. The Company's Board of Directors approved a new share repurchase program on August 3, 2026. For additional information, refer to Note 15.