Derivative Instruments and Hedging Activities (Policies)

12 Months Ended

Dec. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives, Policy [Policy Text Block]

Derivatives not Designated as Hedging Instruments

Canadian Dollar Forward Contracts: Beginning in the first quarter of 2025, on a quarterly basis, we have entered into Canadian Dollar forward contracts with a $25.0 million notional amount that settle at the end of each quarter. As of December 31, 2025, we have one Canadian Dollar forward contract outstanding, with a notional amount of $25.0 million and a fair value of $0, that will settle on March 31, 2026. We did not designate any of these derivatives as accounting hedging instruments. Therefore, changes in the fair value of the derivatives are recorded to other income (expense), net in our consolidated statements of operations. In 2025, we recognized $0.5 million of realized gains related to the settled forward contracts. From time to time, we may enter into additional Canadian Dollar forward contracts to continue to establish economic hedges against our foreign exchange rate risk.

The table below sets forth additional information relating to our derivative instruments recognized on our consolidated balance sheets as of December 31, 2025 and 2024. 

Derivative Instrument	Balance Sheet Location	December 31, 2025		December 31, 2024
Assets
Cash Flow Hedges
Interest rate swaps	Prepaid expenses and other current assets	$	318	$	1,600
Interest rate swaps	Other non-current assets	121		1,381
Total Assets		$	439	$	2,981
Liabilities
Cash Flow Hedges
Interest rate swaps	Accrued expenses and other current liabilities	$	1,023	$	—
Interest rate swaps	Deferred compensation and other liabilities	2,809		—
Foreign exchange forward contracts	Accrued expenses and other current liabilities	349		381
Total Liabilities		$	4,181	$	381

All of our derivative instruments are transacted under International Swaps and Derivatives Association (ISDA) master agreements. These agreements permit the net settlement of amounts owed in the event of default and certain other termination events. Although netting is permitted, it is our policy to record all derivative assets and liabilities on a gross basis on our consolidated balance sheet.