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Credit Facilities and Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Schedule of Debt

Total debt outstanding is summarized as follows (in thousands):

			December 31,
			2025						2024
2024 Credit Agreement⁽ᵃ⁾
Multi-currency revolver			$	298,426					244,171
U.S. dollar term loan⁽ᵇ⁾			188,771						198,287
Euro term loan⁽ᵇ⁾			110,855						102,908
Other			20,663						16,948
Total debt			$	618,715					$	562,314
Current maturities of debt			51,988						$	27,117
Long-term debt			566,727						535,197
Total debt			$	618,715					$	562,314

(a) Weighted average interest rate, adjusted for the impact of interest rate swap agreements, was 4.8% and 5.6% at December 31, 2025 and 2024, respectively. Interest rates primarily consist of Term SOFR for borrowings in U.S. dollars and the Euro Interbank Offered Rate ("EURIBOR") for borrowings in euros. The average daily alternative base rate swingline loan balance was $1.5 million and $0.7 million during the years ended December 31, 2025 and 2024, respectively.

(b) Amounts are shown net of unamortized deferred financing costs of $1.9 million and $2.7 million at December 31, 2025 and 2024, respectively.

Outstanding borrowings, net of unamortized deferred financing costs, and letters of credit under the 2024 Credit Agreement consist of the following (in millions):

						December 31,
						2025						2024
Current maturities of debt						$	45.3					$	25.2
Long-term debt						552.8						520.1
Total outstanding borrowings						$	598.1					$	545.4
Letters of credit						$	4.6					$	2.5

Schedule of Maturities of Long-Term Debt

As of December 31, 2025, maturities of debt through 2037, assuming no prepayments, are as follows (in thousands):

			Multi-Currency Revolver						U.S. Dollar Term Loan						Euro Term Loan						Other Debt						Total
2026			—						9,606						5,651						6,731						21,988
2027			—						14,655						8,614						1,279						24,548
2028			—						19,703						11,576						1,207						32,486
2029			298,426						144,807						85,014						1,242						529,489
2030			—						—						—						1,279						1,279
Thereafter			—						—						—						8,925						8,925
Total			298,426						188,771						110,855						20,663						618,715
Less: current maturities			(30,000)						(9,606)						(5,651)						(6,731)						(51,988)
Long-term debt			268,426						179,165						105,204						13,932						566,727

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

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