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Long-term Debt (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
As of June 30, 2025 and December 31, 2024, long-term debt consisted of the following (in thousands):
June 30,
2025		December 31,
2024
Revolving credit facility(1)
$— $— 
2026 Notes(2)
108,222 122,505 
Other debt and finance lease obligations2,507 2,782 
Total debt110,729 125,287 
Less: Current portion(108,813)(633)
Total long-term debt$1,916 $124,654 
____________________
(1)Unamortized deferred financing costs of $1.4 million and $1.6 million as of June 30, 2025 and December 31, 2024, respectively, are presented in other noncurrent assets.
(2)The outstanding principal amount of the 2026 Notes was $108.8 million as of June 30, 2025 and $123.5 million as of December 31, 2024.
The following table provides a summary of the Company's purchases of outstanding 2026 Notes during the three and six months ended June 30, 2025 and 2024, with non-cash gains reported within other income, net (in thousands):
Principal AmountCarrying Value of LiabilityCash Paid
Non-cash
Pre-tax Gains Recognized
Three and Six Months Ended June 30, 2025
$14,750 $14,665 $14,284 $381 
Three and Six Months Ended June 30, 2024
11,500 11,361 10,846 515 
Schedule of Line of Credit Facilities The following provides a summary of the more significant modifications to the ABL Agreement:
Through July 27, 2025
Effective July 28, 2025
Lender commitments
$125.0 million
$100.0 million
Maturity
Earlier of (i) February 16, 2028 and (ii) 91 days prior to the stated maturity of any outstanding indebtedness with an outstanding principal balance equal to or greater than $17.5 million
Earlier of (i) February 16, 2028 and (ii) 91 days prior to the stated maturity of any outstanding indebtedness with an outstanding principal balance equal or greater than $17.5 million, unless as of such date such indebtedness has been refinanced, defeased or adequately reserved for (either against the borrowing base or the maximum revolver amount) or escrowed or cash collateralized in a deposit account.
Interest rate on outstanding borrowings:
SOFR based borrowings
SOFR plus a margin of 2.75% to 3.25%
SOFR plus a margin of 2.25% to 2.75%
Base-rate borrowings
Base rate plus a margin of 1.75% to 2.25%
Base rate plus a margin of 1.25% to 1.75%
Letter of credit sublimit
$50.0 million
$25.0 million
Maintenance covenant:
Fixed charge coverage ratio of not less than 1.0 to 1.0
(i) in the event that availability under the ABL Agreement is less than the greater of (a) 15% of the line cap and (b) approximately $14.1 million
(i) in the event that availability under the ABL Agreement is less than the greater of (a) 15% of the line cap and (b) approximately $11.3 million