v3.26.1
DEBT AND CREDIT FACILITIES (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Debt
The following table presents total debt under the 2022 Credit Agreement and the LSA (together, “the Credit Facilities”) (in thousands):
June 30, 2026December 31, 2025
Long-term debt, net of current portion
2022 Credit Agreement$443,000 $427,000 
LSA (weighted average interest rate of 4.50% at June 30, 2026)
350,000 325,000 
Total long-term debt, net of current portion793,000 752,000 
Total debt (1)
$793,000 $752,000 
(1) As of June 30, 2026, we effectively fixed the interest rate on a portion of our outstanding variable-rate debt using the following interest rate swaps:
$90.0 million which is effectively fixed at 6.24% with interest rate swap agreements through July 2026;
$75.0 million which is effectively fixed at 6.36% with an interest rate swap agreement through April 2027;
$75.0 million which is effectively fixed at 6.21% with an interest rate swap agreement through May 2027;
$60.0 million which is effectively fixed at 5.27% with interest rate swap agreements through July 2028;
$75.0 million which is effectively fixed at 5.26% with an interest rate swap agreement through August 2028; and
$90.0 million which is effectively fixed at 5.58% with interest rate swap agreements through June 2029.
Availability under the LSA is calculated as follows (in thousands):
June 30, 2026
Borrowing base, based on eligible receivables$350,000 
Less: outstanding borrowings (350,000)
Availability under LSA$— 
Schedule of Maturities of Long-term Debt
At June 30, 2026, the aggregate maturities of future debt principal payments under the Credit Facilities are as follows (in thousands):
2026 (remaining)$— 
2027793,000 
2028— 
2029— 
Total$793,000