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Debt | 6 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Debt | Note 8. Debt The Company’s debt is comprised of the following: Schedule of Long Term Debt
|  | June 30, 2025 |  |  | December 31, 2024 |
Revolving lines of credit |  | $ | 507 |  |  | $ | 600 |
Finance lease |  |  | 80 |  |  |  | 111 |
Other current debt |  |  | - |  |  |  | 378 |
Senior Secured Credit Facility |  |  | 110,000 |  |  |  | 110,000 |
Less: Deferred cost of financing |  |  | (1,358 | ) |  |  | (1,782 | )
Total obligations under borrowing arrangements |  |  | 109,229 |  |  |  | 109,307 |
Less: Current portion of long-term debt and other current borrowings |  |  | 587 |  |  |  | 1,087 |
Long-term debt |  | $ | 108,642 |  |  | $ | 108,220 |
The Company’s debt is primarily comprised of a Senior Secured Credit Facility with maturity in late 2026, an outstanding balance of $110,000 as of June 30, 2025, and a committed line of credit of $150 million. Borrowings under the credit facility bear interest at a rate of SOFR plus a spread of 1.50%, based on the Company’s net leverage ratio. The effective interest rate for this credit facility including deferred issuance costs is 6.77%. Maturities of long-term debt and other current borrowings as of June 30, 2025, are as follows: Schedule of Maturities of Long Term Debt
2026 |  | $ | 587 |
2027 |  |  | 110,000 |
Total |  | $ | 110,587 |
The Company’s loans have maturities ranging from several weeks to 2 years. Our credit facilities bore a weighted average interest rate of 5.87% as of June 30, 2025.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef 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