v3.25.4
Debt (Tables)
12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Company's Debt

The Company’s debt as of December 31, 2025 and 2024 consisted of the following:

 

 

December 31,

 

 

 

2025

 

 

2024

 

Term Loan A Facility

 

$

110.7

 

 

$

125.0

 

Borrowings under the Revolving Facility

 

 

61.0

 

 

 

 

Unamortized debt issuance costs

 

 

(0.4

)

 

 

(0.3

)

Total debt

 

 

171.3

 

 

 

124.7

 

Less: current portion of long-term debt

 

 

5.8

 

 

 

 

Long-term debt

 

$

165.5

 

 

$

124.7

 

Summary of Interest Expense

The following table summarizes interest expense, net on the audited Consolidated Statements of Operations:

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Interest incurred

 

$

14.0

 

 

$

15.1

 

 

$

17.9

 

Interest income, net of loss on debt extinguishment

 

 

(1.1

)

 

 

(2.2

)

 

 

(2.1

)

Interest expense, net

 

$

12.9

 

 

$

12.9

 

 

$

15.8