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Interest Expense, Net and Other Expense, Net
 12 Months Ended
Dec. 31, 2025
Interest Expense and Other (Income) Expense, Net  
Interest Expense, Net and Other Expense, Net Interest Expense, Net and Other (Income) Expense, Net
The components of interest expense, net were as follows:
 Year ended December 31,
(in thousands)202520242023
Interest expense (1)
$59,407 $54,711 $43,630 
Gain on interest rate swap(3)(872)(690)
Interest income(1,116)(1,202)(1,652)
Total interest expense, net$58,288 $52,637 $41,288 
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(1) Interest expense is net of capitalized interest of $2.0 million for the year ended December 31, 2025.

The components of other (income) expense, net were as follows:
 Year ended December 31,
(in thousands)202520242023
Gain on deconsolidation of VIE (Note 8)
$(20,887)$— $— 
Loss from equity method investment1,113 — — 
Non-service cost component of net periodic benefit cost5,342 2,998 3,327 
Other income(924)(1,040)(910)
Total other (income) expense, net$(15,356)$1,958 $2,417