v3.26.1
Debt
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Debt
6. Debt
The following table summarizes our debt balances and the related weighted average effective interest rates, which includes the effect of interest rate swap agreements.
Debt balance atWeighted average
effective interest rate at
(dollars in thousands)June 30,
2026		December 31,
2025		June 30,
2026		December 31,
2025
Credit facility:
Revolving credit loans
$
326,000 
$
286,400 
5.91 
%
5.50 
%
Term loans
760,000 
770,000 
5.46 
%
5.21 
%
Real estate loans
52,395 
53,352 
5.23 
%
5.23 
%
Other debt
13,802 
691 
7.38 
%
9.13 
%
Total debt
1,152,197 
1,110,443 
5.60 
%
5.29 
%
Less: Unamortized discount and debt issuance costs
2,190 
746 
Less: Debt, current portion
22,595 
22,660 
5.75 
%
5.49 
%
Debt, net of current portion
$
1,127,412 
$
1,087,037 
5.60 
%
5.28 
%
2024 Credit Facilities
In April 2024, we entered into a five-year $1.5 billion senior credit facility (the "2024 Credit Facilities"). At June 30, 2026, we were in compliance with our debt covenants under the 2024 Credit Facilities.
Real estate loans
In August 2020, we completed the purchase of our global headquarters facility. As part of the purchase price, we assumed the seller’s obligations under two senior secured notes with a then-aggregate outstanding principal amount of $61.1 million (collectively, the “Real Estate Loans”). The Real Estate Loans require periodic principal payments and the balance of the Real Estate Loans are due upon maturity in April 2038. At June 30, 2026, we were in compliance with our debt covenants under the Real Estate Loans.
Other debt
From time to time, we enter into third-party financing agreements for purchases of software and related services for our internal use. Generally, the agreements are non-interest-bearing notes requiring periodic payments. Interest associated with the notes is imputed at the rate we would incur for amounts borrowed under our then-existing credit facility at the inception of the notes.
The following table summarizes our currently effective supplier financing agreements as of June 30, 2026:
(dollars in thousands)Term
 in Months		Number of
Payments		First Payment
Due		Original Loan
Value
Effective dates of agreements (1):
April 2024
36
3 
May 2024
$
2,073 
January 2026
60
7 
October 2026
13,802 
(1)Represent noncash investing and financing transactions during the periods indicated as we purchased software and services by assuming directly related liabilities.
The changes in supplier financing obligations during the six months ended June 30, 2026, consisted of the following:
(dollars in thousands)Total
Balance at December 31, 2025
$
691 
Additions
13,802 
Payments
(691)
Balance at June 30, 2026
$
13,802