SUBSEQUENT EVENTS |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | SUBSEQUENT EVENTS In July 2026, the Company voluntarily made an early principal repayment of $100.0 million related to the 2024 USD Term Loan. This payment reduced the principal balance to $804.2 million. In connection with this repayment, the Company unwound $100.0 million of the notional value of our interest rate swap associated with the 2024 USD Term Loan. In August 2026, the Company granted to employees and certain non-employee directors (a) 1,583,533 RSUs that contain a service-based vesting condition with an aggregate award value of $14.2 million that will be recognized over a weighted-average requisite service of 2.5 years from the date of grant, and (b) RSUs with a settlement value of $34.9 million of which (i) $25.3 million are subject to performance-based or market-based vesting conditions based on the achievement of GMS or stock price targets, respectively, within five years from the grant date and (ii) $9.6 million are subject to service vesting conditions with a weighted-average requisite service period of 3.3 years from the grant date. The RSUs described in clause (b) above will settle in a variable number of shares of the Company’s class A common stock measured on the settlement date equal to the quotient of (i) settlement value of any vested awards (ii) the 30-trading day volume weighted-average price immediately preceding the settlement date.
|