XML 54 R35.htm IDEA: XBRL DOCUMENT v3.25.4
Debt (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt
The Company’s outstanding debt consisted of the following:
(in thousands)As of December 31, 2025As 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
$95,000 6.35%$— —%July, 30 2027
Finance leases and other debt1,617 **184 **Various
Total long-term debt and finance leases96,617 184 
Less: Current maturities of long-term debt and finance leases383 130 
Long-term debt$96,234 $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 Sheet. Unamortized debt issuance costs, were $1.0 million and $0.4 million at December 31, 2025 and 2024, respectively.
2Includes the weighted average interest rate.
**
Finance lease obligations are a non-cash financing activity. See Note 8. Leases.
Schedule of Remaining Maturities of Long-Term Debt
The below schedule of remaining maturities of long-term debt excludes finance leases (refer to Item 8., Note 8. Leases).
(in thousands)
Year Ending December 31, Maturities of Long-Term Debt
202628 
202795,010 
Total$95,038 
The following table presents remaining maturities for the note payable as of December 31, 2025:
(in thousands)MaturitiesDiscount Amortization
Year ending December 31, 2026740160
Year ending December 31, 20271,328 97
Year ending December 31, 20287428
Total note payable$2,810 $265