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Debt (Tables)
 3 Months Ended
Mar. 31, 2026
Debt [Abstract]  
Debt Facilities
The following table summarizes the Company’s debt facilities as of March 31, 2026 and December 31, 2025:

Facility or
Arrangement
  
Original
Principal
Amount
  
Balance as of
March 31,
2026(1)(2)
    
Balance as of
December 31,
2025(1)(2)
    
Interest Rate
  
Repayment Terms
2022 Credit Agreement term loan facility
  
$400.0 million
    
-
    
$225.0 million
      
-
  
Principal amount was paid in full during March 2026.
2022 Credit Agreement revolving credit facility
        
-
      
-
      
-
  
Principal amount was paid in full during September 2025 and credit line was closed during March 2026.
Credit Agreement term loan facility
  
$175.0 million
  
$175.0 million
      
-
    
Variable 30 day: 5.43%
  
54.3% of the principal amount is payable in quarterly installments over a five-year period that begins on June 30, 2026, with the remainder payable at the end of the five-year term.
Credit Agreement revolving credit facility
      
$50.0 million
      
-
    
Variable 30 day: 5.43%
  
Revolving line of credit expires March 27, 2031.


(1)
As of March 31, 2026 and December 31, 2025, the current portion of the Company’s debt (i.e., becoming due in the next 12 months) included $20.0 million and $20.0 million, respectively, of the balance of its term loan under the Credit Agreement and 2022 Credit Agreement.


(2)
The carrying value of the debt reflects the amounts stated in the above table, less debt issuance costs of $1.4 million and $0.8 million as of March 31, 2026 and December 31, 2025, respectively, related to the Credit Agreement and 2022 Credit Agreement, which are not reflected in this table.