Interest Rate Swap

9 Months Ended

Sep. 30, 2025

Interest Rate Cash Flow Hedges [Abstract]

Interest Rate Swap

9. Interest Rate Swap

On April 28, 2025, the Company executed a pay-fixed, receive-floating interest rate swap (the “Swap”) to mitigate variability in forecasted interest payments on an aggregate notional amount of $250,000 of the Company’s variable-rate First Lien Term Loan. The Swap has an effective date of June 30, 2025, with a maturity date of June 30, 2027. The Company designated the Swap as a cash flow hedge.

As of September 30, 2025, information pertaining to the Swap is as follows:

Notional Amount		Fair Value		Pay-Fixed	Receive-Floating	Maturity Date
$	250,000	$	112	3.369%	4.163%	June 30, 2027

As of September 30, 2025 and December 31, 2024, the current portion of the fair value of the Swap was $550 and $0, respectively, and is included in prepaid and other current assets in the accompanying consolidated balance sheets.

As of September 30, 2025 and December 31, 2024, the long-term portion of the fair value of the Swap was $438 and $0, respectively, and is included in other long-term liabilities in the accompanying consolidated balance sheets.

For the three months ended September 30, 2025 and 2024, amounts reported in other comprehensive income in the accompanying consolidated statements of operations and comprehensive income are net of tax of $88 and $0, respectively.

For the nine months ended September 30, 2025 and 2024, amounts reported in other comprehensive income in the accompanying consolidated statements of operations and comprehensive income are net of tax of $28 and $0, respectively.