Debt (Tables)

3 Months Ended

Mar. 31, 2026

The Company’s outstanding debt consisted of the following:


(in thousands)	As of March 31, 2026			As of December 31, 2025
	Amount		Rate (2)	Amount		Rate (2)	Maturity Date










Long-term debt:
Revolving Credit Agreement 1	$	95,000	6.28%	$	95,000	6.35%	July 30, 2027
Promissory Note	1,125		8.00%	—		—%	January 9, 2031
First Master Loan Agreement	3,191		6.25%	—		—%	August 14, 2031
Second Master Loan Agreement	1,904		6.20%	—		—%	October 23, 2031
SBA Loan	619		5.03%	—		—%	July 27, 2032
Finance leases and other debt	1,602		**	1,617		**	Various

Total long-term debt and finance leases	103,441			96,617
Less: Current maturities of long-term debt and finance leases	2,168			383
Long-term debt	$	101,273		$	96,234


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 $0.8 million and $1.0 million as of March 31, 2026 and December 31, 2025, respectively.

2			Includes the weighted average interest rate.
**			Finance lease obligations are a non-cash financing activity. See Note 9. Leases.