12. Line of Credit

In May 2026, the Company entered into a credit agreement with Wells Fargo Bank, National Association, (“Credit Agreement”), providing for a $5,000 Revolving Credit Facility. The $5,000 Revolving Credit Facility commitments remain available for draw until May 2029, at which time it will terminate, and all outstanding revolving loans under the facility will be due and payable. Borrowings under the Revolving Credit Facility shall bear interest either (i) at a fluctuating rate per annum equal to the Applicable Margin plus Daily Simple SOFR in effect from time to time, or (ii) at a rate per annum equal to the Applicable Margin plus Term SOFR in effect on the first day of the applicable Interest Period, as selected by the Company. The Company selected an interest period of quarterly. The applicable margin is determined based on the Company’s total net leverage ratio (as defined in the agreement) and varies between tranches from 2.25% at a less than or equal to 2.00 to 1.00 net leverage ratio and up to 2.75% at a greater than 2.50 to 1.00 net leverage ratio. Interest is payable quarterly in arrears on the last day of each fiscal quarter, with respect to borrowings bearing interest. Any drawdown under the Credit Agreement would be subject to compliance with the restrictive covenants as defined in the agreement. The Company also pays a quarterly fee of up to 0.35% per annum on the daily unused amount of the Revolving Credit Facility commitments. The credit facility is guaranteed by certain material domestic subsidiaries of the Company and secured by substantially all of the personal property of the Company and such subsidiary guarantors. As of September 30, 2026, there was an outstanding balance of $0, and $5,000 remained available for borrowing.

The Company maintained a line of credit with a maximum principal amount of $700, payable upon demand. The line of credit bore interest at 0.50% over the Wall Street Journal Prime Rate. As of September 30, 2026, there was an outstanding balance of $0 and $0 remained available for borrowing. The line of credit was collateralized by all company assets and subject to certain financial covenants. On February 18, 2026, the Company terminated the line of credit.