Debt (Tables)

9 Months Ended

Sep. 30, 2025

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

The Company’s outstanding debt consisted of the following:

(in thousands)	As of September 30, 2025			As of December 31, 2024
	Amount		Rate (2)	Amount		Rate (2)	Maturity Date
Short-term financing:
Revolving Credit Agreement 1	—		—%	$	95,000	6.52%
Shareholder’s Loan Agreement	—		—%	25,000		8.49%	August 31, 2025
Total short-term debt	$	—		$	120,000
Long-term debt:
Revolving Credit Agreement 1	$	95,000	6.28%	$	—	—%	July 30, 2027
Finance leases and other debt	1,731		**	184		**	Various
Total long-term debt and finance leases	96,731			184
Less: Current maturities of long-term debt and finance leases	405			130
Long-term debt	$	96,326		$	54

1	Unamortized financing costs and deferred fees on the amended 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 $1.1 million and $0.4 million as of September 30, 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.