Debt (Tables)

12 Months Ended

Dec. 31, 2025

Long-term debt consisted of the following (in thousands):


	As of December 31,
	2025		2024
Bank credit facility - term loan	$	296,250	$	277,500
Bank credit facility - revolving facility	—		155,000
Principal amount of long-term debt	296,250		432,500
Less: debt issuance costs	(3,446)		(2,327)
Total debt	292,804		430,173
Less: current portion	(7,500)		(30,000)
Long-term debt, net of current portion	$	285,304	$	400,173

Schedule of Term Loan Payments

Future required term loan and revolving facility payments as of December 31, 2025 are as follows (in thousands):


Year Ending December 31,	Term		Revolving Facility		Total
2026	$	7,500	$	—	$	7,500
2027	11,250		—		11,250
2028	20,625		—		20,625
2029	22,500		—		22,500
2030	234,375		—		234,375
Total	$	296,250	$	—	$	296,250

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details