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Long-Term Debt and Loan Agreements (Tables)
12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Long Term Debt

Long-term debt at December 31, 2025 and 2024 consisted of the following:

 

 

December 31,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Amended Loan Agreement - Revolving Credit Facility

 

$

 

 

$

 

Amended Loan Agreement - Term Loan A

 

 

351,000

 

 

 

382,000

 

 

 

 

351,000

 

 

 

382,000

 

Less unamortized deferred financing costs

 

 

5,189

 

 

 

7,041

 

 

 

 

345,811

 

 

 

374,959

 

Less current portion long-term debt

 

 

34,601

 

 

 

19,649

 

Long-term debt

 

$

311,210

 

 

$

355,310

 

Schedule of Debt Ratios The ratios as of and for the period ended December 31, 2025 are shown in the following table:

 

 

 

Required Level

 

Actual Level

 

Interest Coverage Ratio

 

3.00 to 1 (minimum)

 

 

4.29

 

Net Leverage Ratio

 

3.25 to 1 (maximum)

 

 

2.45