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Fair Value Measures and Disclosures
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring Fair Value Measurements
At December 31, 2025 and 2024, the Company’s only financial assets and liabilities measured at fair value on a recurring basis were its interest rate collars.
Information about the Company’s assets and liabilities measured at fair value on a recurring basis, aggregated by the level in the fair value hierarchy within which those measurements fall, is presented below (amounts in thousands):
Balance Sheet ClassificationDecember 31,Level of Fair Value Hierarchy
20252024
Assets
Interest rate collarsOther current assets$— $164 Level 2 – Significant unobservable inputs
Liabilities
Interest rate collarsOther accrued liabilities$483 $127 Level 2 – Significant unobservable inputs
Interest rate collarsOther long-term liabilities$3,772 $3 Level 2 – Significant unobservable inputs
Fair Value of Long-term Debt
The estimated fair value of Station LLC’s long-term debt compared with its carrying amount is presented below (amounts in millions):
December 31,
20252024
Aggregate fair value$3,412 $3,371 
Aggregate carrying amount$3,396 $3,407 
The estimated fair value of Station LLC’s long-term debt is based on quoted market prices from various banks for similar instruments, which is considered a Level 2 input under the fair value measurement hierarchy.