v3.26.1
FAIR VALUE OF FINANCIAL INSTRUMENTS
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
FAIR VALUE OF FINANCIAL INSTRUMENTS
NOTE 5 – FAIR VALUE OF FINANCIAL INSTRUMENTS
Financial instruments which are measured at fair value, or for which a fair value is disclosed, are classified in the fair value hierarchy, as outlined below, on the basis of the observability of the inputs used in the fair value measurement:
•Level 1 – inputs are based upon quoted prices for identical instruments in active markets.
•Level 2 – inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant inputs are observable in the market or can be corroborated by observable market data.
•Level 3 – inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the instrument.
The Company’s derivative instruments are based on quotes from the market makers that derive fair values from market data, and therefore, are classified as Level 2.
The fair values and the levels within the fair value hierarchy of financial instruments recorded on the Condensed Consolidated Balance Sheets were:
(Dollars in thousands)
As of June 30, 2026As of December 31, 2025
Financial Instrument
LevelCarrying ValueFair ValueCarrying ValueFair Value
Debt instruments:
Debt instruments
Level 2242,344 242,426 175,600 170,755 
Derivatives not designated as hedging instruments:
Interest Rate Swaps (a)
Level 2$1,172 $1,172 $— $— 
_________________
(a) As of June 30, 2026, the fair value of the interest rate swaps was recorded in Prepaid expenses and other of $0.1 million and Other long-term assets of $1.1 million.