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Long-Term Debt (Tables) | 6 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt | Long-term debt consisted of the following as of:
| June 30, |  | December 31,
| 2025 |  | 2024
| (in thousands)
Term note with interest payable monthly, interest rate at Adjusted SOFR, plus an applicable margin of 2.50% (6.82681% at June 30, 2025) quarterly principal payments of 0.25% of original principal balance with balloon payment due July 2028 (1) | $ | 529,375 |  |  | $ | 532,125 |
Revolver with interest payable monthly, interest rate at Adjusted SOFR, plus an applicable margin of 2.50% (6.93677% at June 30, 2025), and outstanding balance due January 2028 (1) | — |  |  | — |
Principal debt | 529,375 |  |  | 532,125 |
Deferred financing costs on long-term debt | (2,627) |  |  | (3,069) |
Discount on long-term debt | (954) |  |  | (1,114) |
Total debt | 525,794 |  |  | 527,942 |
Less current maturities | 5,500 |  |  | 5,500 |
Long-term portion | $ | 520,294 |  |  | $ | 522,442 |
(1) See Note 20. Subsequent Event for additional information on the July 29, 2025 amendment to refinance and extend the maturity date.
Schedule of Interest Rate Swap Agreements in Connection With Credit Facilities | The Company has entered into the following interest rate swap agreements in connection with its Credit Facilities to convert a portion of the floating rate component of the Term Loan from a floating rate to fixed rate:
|  | Effective |  | Expiration |  | Fixed Interest |  | Notional |  | Asset (Liability) Fair Value at
Swap |  | Date |  | Date |  | Rate |  | Amount |  | June 30, 2025
|  |  |  |  |  |  |  | (in thousands) |  | (in thousands)
Initial Swap |  | October 31, 2022 |  | October 31, 2027 |  | 4.212 | % |  | $ | 200,000 |  |  | $ | (3,511) |
Second Swap |  | March 31, 2023 |  | October 31, 2027 |  | 3.951 | % |  | 100,000 |  |  | (1,165) |
Third Swap |  | September 20, 2024 |  | October 31, 2027 |  | 3.395 | % |  | 125,000 |  |  | 165 |
Schedule of Maturities of Long-term Debt | Aggregate maturities of the Company’s debt for the years ending December 31 are as follows as of June 30, 2025 (in thousands):
Year ending December 31: |
2025 (remainder of year) | $ | 2,750 |
2026 | 5,500 |
2027 | 5,500 |
2028 | 515,625 |
Thereafter | — |
Total aggregate maturities of the Company’s debt | $ | 529,375 |

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