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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Long-term debt consisted of the following as of:
December 31,
20252024
(in thousands)
Term note with interest payable monthly, interest rate at Adjusted SOFR, plus an applicable margin of 2.25% (5.96610% at December 31, 2025) quarterly principal payments of 0.25% of original principal balance with balloon payment due July 2031
$526,625 $532,125 
Revolver with interest payable monthly, interest rate at Adjusted SOFR, plus an applicable margin of 2.00% (5.68751% at December 31, 2025), and outstanding balance due July 2030
— — 
Principal debt526,625 532,125 
Deferred financing costs on long-term debt(2,447)(3,069)
Discount on long-term debt(787)(1,114)
Total debt523,391 527,942 
Less current maturities5,500 5,500 
Long-term portion$517,891 $522,442 
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:
Swap
Effective
Date
Expiration
Date
Fixed Interest Rate
Notional Amount
Asset (Liability) Fair Value at
December 31, 2025
(in thousands)(in thousands)
Initial Swap
October 31, 2022October 31, 20274.212 %$200,000 $(3,293)
Second Swap
March 31, 2023October 31, 20273.951 %$100,000 $(1,178)
Third Swap
September 20, 2024October 31, 20273.395 %$125,000 $(216)
Schedule of Maturities of Long-term Debt
Aggregate maturities of the Company’s debt are as follows (in thousands):
Year Ended December 31,
2026$5,500 
20275,500 
20285,500 
20295,500 
20305,500 
Thereafter499,125 
Total aggregate maturities of the Company’s debt$526,625