v3.25.4
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents the fair value of the assets measured at fair value on a recurring basis at December 31, 2025 (in thousands):

 

 

Fair Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap

 

$

7,411

 

 

$

—

 

 

$

7,411

 

 

$

—

 

Total Liabilities

 

$

7,411

 

 

$

—

 

 

$

7,411

 

 

$

—

 

The following table presents the fair value of the assets and liabilities measured at fair value on a recurring basis at December 31, 2024 (in thousands):

 

 

Fair Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate cap

 

$

975

 

 

$

—

 

 

$

975

 

 

$

—

 

Total Assets

 

$

975

 

 

$

—

 

 

$

975

 

 

$

—

 

Summary of Carrying Amounts and Estimated Fair Value of the Financial Instruments The following table presents the carrying amounts, net of debt discount, and estimated fair values of the Company’s financial instruments that are not recorded at fair value on the consolidated balance sheets (in thousands):

 

 

 

December 31, 2025

 

 

December 31, 2024

 

 

 

Carrying

 

 

Estimated

 

 

Carrying

 

 

Estimated

 

Description

 

Amount

 

 

Fair Value

 

 

Amount

 

 

Fair Value

 

Term Loan, including current maturities

 

$

1,289,968

 

 

$

1,294,220

 

 

$

774,825

 

 

$

776,970