Debt (Tables)

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

The Company’s outstanding debt consisted of the following:

(in thousands)	As of March 31, 2025			As of December 31, 2024
	Amount		Rate (2)	Amount		Rate (2)	Maturity Date
Short-term financing:
Revolving Credit Agreement 1	$	95,000	6.31%	$	95,000	6.52%	August 30, 2025
Shareholder’s Loan Agreement	15,000		8.34%	25,000		8.49%	August 31, 2025
Total short-term debt	$	110,000		$	120,000
Long-term debt:
Finance leases and other debt	1,006		**	184		**	Various
Total long-term debt and finance leases	1,006			184
Less: Current maturities of long-term debt and finance leases	285			130
Long-term debt	$	721		$	54

1	Unamortized financing costs and deferred fees on the new Revolving Credit Agreement are not presented in the above table as they are classified in Prepaid expenses and other current assets on the Consolidated Balance Sheets. Unamortized debt issuance costs, were $0.3 million and $0.4 million as of March 31, 2025 and December 31, 2024, respectively.
2	Includes the weighted average interest rate.
**	Finance lease obligations are a non-cash financing activity. See Note 8. Leases.