v3.26.1
Notes Payable (Tables)
 6 Months Ended
Jun. 30, 2026
Notes Payable [Abstract]  
Schedule of Company's outstanding debt

The following table presents the Company’s outstanding debt:

 

 

June 30,

 

 

December 31,

 

Notes

 

2026

 

 

2025

 

4.50% due 2026

 

$

93

 

 

$

184

 

7.71% due 2029(2)

 

 

16,129

 

 

 

18,403

 

8.31% due 2031(2)

 

 

8,030

 

 

 

8,692

 

7.8% due 2031(2)

 

 

1,949

 

 

 

—

 

Other notes

 

 

1,020

 

 

 

1,530

 

Outstanding borrowings on Revolving Credit Facility

 

 

—

 

 

 

260,000

 

Total debt

 

 

27,221

 

 

 

288,809

 

Less: Unamortized issuance costs(1)

 

 

(223

)

 

 

(269

)

Total debt, net

 

 

26,998

 

 

 

288,540

 

Less: Current portion

 

 

7,410

 

 

 

7,099

 

Long-term debt, net

 

$

19,588

 

 

$

281,441

 

(1) The unamortized issuance costs do not include the $3.6 million of debt issuance costs related to the Revolving Credit Facility included in other current assets and other assets, less current portion.

(2) Includes obligations related to various equipment recorded as failed sale leaseback transactions. Refer to Note 10. Leases for further detail.

Schedule of Interest Expense Related to the Term Loans

Interest expense recognized related to the Term Loans was as follows:

 

 

For the Three Months Ended June 30, 2025

 

For the Six Months Ended June 30, 2025

 

Contractual interest expense

 

$

4,794

 

$

9,550

 

Amortization of debt issuance costs

 

 

2,141

 

 

3,556

 

Total interest expense

 

$

6,935

 

$

13,106

 
Schedule of Principal Payments under Term Loans

The following table summarizes the future principal payments on notes payable in each of the next five years and thereafter:

2026 (for the remaining period)

 

$

3,820

 

2027

 

 

7,273

 

2028

 

 

7,466

 

2029

 

 

5,504

 

2030

 

 

2,336

 

Thereafter

 

 

822

 

Total

 

 

27,221

 

Less: Unamortized issuance costs(1)

 

 

(223

)

Total debt, net

 

$

26,998

 

(1) The unamortized issuance costs do not include the $3.6 million of debt issuance costs related to the Revolving Credit Facility included in other current assets and other assets, less current portion.