Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Summary of Carrying Amounts and Fair Values of Financial Instruments

The following table summarizes the carrying amounts and fair values of financial instruments:


					As of June 30, 2026								As of December 31, 2025
			Level		Carrying Amount				Fair Value				Carrying Amount				Fair Value
					(in thousands)
Assets:
Foreign exchange contracts	Prepaid expenses and other current assets		2		$	—			$	—			$	1,757			$	1,757
Total assets					$	—			$	—			$	1,757			$	1,757
Liabilities:
Interest rate caps	Accrued expenses and other current liabilities		2		$	3,412			$	3,412			$	6,808			$	6,808
Foreign exchange contracts	Accrued expenses and other current liabilities		2			1,298				1,298				—				—
Contingent consideration - current	Accrued expenses and other current liabilities		3			3,500				3,500				7,000				7,000
Contingent consideration - non-current	Other non-current liabilities		3			—				—				1,150				1,150
Total liabilities					$	8,210			$	8,210			$	14,958			$	14,958

Significant Inputs used in Calculating Fair Value of Contingent Consideration Liability

The following table represents the significant inputs used in calculating the fair value of the contingent consideration liability on the issuance date:


Longest midpoint term			1.86
Gross profit discount rate			10.7	%
Risk-free rate			3.9	%
Gross profit volatility			23.3	%
Payment discount rate			13.2	%

Summary of Gains (Losses) on Derivative Instruments

The gains (losses) on the Company’s derivative instruments were as follows:


				Three months ended June 30,								Six months ended June 30,
		Statement of Operations Classification		2026				2025				2026				2025
				(in thousands)								(in thousands)
Amount of (loss) gain recognized in net income:
Interest rate swaps		Interest expense		$	—			$	621			$	—			$	1,242
Interest rate caps		Interest expense			(1,747	)			(2,769	)			(3,379	)			(5,468	)
Foreign exchange contracts		Selling, general and administrative expense			11				680				79				680
Total loss recognized in net income				$	(1,736	)		$	(1,468	)		$	(3,300	)		$	(3,546	)

		Statement of Comprehensive Income Classification
Amount of (loss) gain recognized in other comprehensive income (loss):
Interest rate swaps		Cash flow hedge gain		$	—			$	504			$	—			$	495
Interest rate caps		Cash flow hedge loss			(107	)			(936	)			(76	)			(3,560	)
Foreign exchange contracts		Cash flow hedge (loss) gain			(886	)			4,058				(2,977	)			4,058
Total (loss) gain recognized in other comprehensive income				$	(993	)		$	3,626			$	(3,053	)		$	993