Debt (Tables)

12 Months Ended

Dec. 31, 2025

The following table summarizes information about the net carrying amounts of long-term debt as of December 31, 2025:


(in thousands)	2026 Notes		2027 Notes		2030 Notes		Total
Principal amount outstanding	$	20,000	$	265,000	$	115,000	$	400,000
Unamortized debt issuance cost	(46)		(2,789)		(3,141)		(5,976)

Total long-term debt	19,954		262,211		111,859		394,024
Less: current portion of long-term debt	(19,954)		—		—		(19,954)
Total non-current portion of long-term debt	$	—	$	262,211	$	111,859	$	374,070

The following table summarizes information about the net carrying amounts of long-term debt as of December 31, 2024:


(in thousands)	2026 Notes		2027 Notes		Credit Facility		Total
Principal amount outstanding	$	20,000	$	265,000	$	90,000	$	375,000
Unamortized debt issuance cost	(178)		(4,210)		(1,066)		(5,454)
Unamortized discount	—		—		(1,191)		(1,191)
Total long-term debt	19,822		260,790		87,743		368,355
Less: current portion of long-term debt	—		—		—		—
Total non-current portion of long-term debt	$	19,822	$	260,790	$	87,743	$	368,355

Schedule of Equity and Liability Components of the Notes

The following table summarizes interest expense recognized on long-term debt:


	Year Ended December 31,
(in thousands)	2025		2024		2023
Contractual interest expense	$	6,351	$	11,470	$	7,627
Amortization of debt issuance costs	2,307		2,216		2,205
Amortization of discount	35		216		—
Total interest expense	$	8,693	$	13,902	$	9,832

Schedule of Maturities of Long-term Debt

The following table summarizes the future principal payments as of December 31, 2025:


(in thousands)
2026	$	20,000
2027	265,000
2028	—
2029	—
2030	115,000
Thereafter	—
Total	$	400,000

- 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.

+ References

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+ Details

PAR TECHNOLOGY CORP 10-K