Stockholders' Equity

3 Months Ended

Mar. 31, 2026

Equity [Abstract]

Stockholders' Equity

Accumulated Other Comprehensive Loss

Reclassifications out of Accumulated other comprehensive loss for the three months ended March 31, 2026 and 2025, were as follows (in thousands):

		Three Months Ended March 31,
Cash flow hedges	Income Statement line-item	2026		2025
Interest rate swaps	Interest expense, net	$	(336)	$	2,663
Income tax effect (1)	Income tax expense	83		(645)
Total gain/(loss) on cash flow hedges		$	(253)	$	2,018

(1)Income tax effects are released from Accumulated other comprehensive loss contemporaneously with the related gross pretax amount.

Changes in Accumulated other comprehensive loss for the three months ended March 31, 2026 and 2025, were as follows (in thousands):

	Three Months Ended March 31,
	2026								2025
	Debt Securities		Cash		Currency		Accumulated		Debt Securities		Cash		Currency		Accumulated
	Available-for-sale		Flow Hedges		Translation Adjustments		Other Comp. Loss (1)		Available-for-sale		Flow Hedges		Translation Adjustments		Other Comp. Loss (1)
Balance as of beginning of period	$	126	$	(5,731)	$	(281,410)	$	(287,015)	$	205	$	2,111	$	(445,710)	$	(443,394)
Other comprehensive gain/(loss) before reclassifications	(140)		8,083		(5,780)		2,163		(181)		76		80,604		80,499
Reclassifications, net	—		253		—		253		—		(2,018)		—		(2,018)
Net current period other comprehensive gain/(loss)	(140)		8,336		(5,780)		2,416		(181)		(1,942)		80,604		78,481
Balance as of end of period	$	(14)	$	2,605	$	(287,190)	$	(284,599)	$	24	$	169	$	(365,106)	$	(364,913)

(1)Net of deferred taxes for unrealized gains from cash flow hedges of $0.8 million and $3.1 million for the three months ended March 31, 2026 and 2025, respectivelyStockholders' Equity

In February 2022, the Board of Directors approved a share repurchase program under which the Company is authorized to repurchase up to $150.0 million of its outstanding common stock. During the three months ended March 31, 2026, the Company repurchased 546,681 shares of its common stock at an average price of $18.29 per share for a total of $10.0 million. Share repurchases are subject to restrictive covenants contained in the Company's credit facilities and the indentures that govern its senior notes. The Company's practice is to retire the shares it repurchases. As of March 31, 2026, there was $37.7 million remaining for share repurchases under the program.