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Note 5 - Long-term Debt | 6 Months Ended
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Jun. 30, 2024
Notes to Financial Statements |
Long-Term Debt [Text Block] | NOTE 5. LONG-TERM DEBT Long-term debt, net of current maturities and debt issuance costs, consists of the following:
|  | June 30, 2024 |
|  | Interest |  |  |  |  |  |  | Unamortized |  |  |  |  |
|  | Rates at |  |  |  |  |  |  | Origination |  |  |  |  |
|  | June 30, |  |  | Outstanding |  |  | Fees and |  |  | Long-Term |
(In thousands) |  | 2024 |  |  | Principal |  |  | Costs |  |  | Debt, Net |
Credit facility |  |  | 7.161 | % |  | $ | 1,087,600 |  |  | $ | (11,249 | ) |  | $ | 1,076,351 |
4.750% senior notes due 2027 |  |  | 4.750 | % |  |  | 1,000,000 |  |  |  | (6,818 | ) |  |  | 993,182 |
4.750% senior notes due 2031 |  |  | 4.750 | % |  |  | 900,000 |  |  |  | (9,437 | ) |  |  | 890,563 |
Other |  |  | 5.208 | % |  |  | 416 |  |  |  | — |  |  |  | 416 |
Total long-term debt |  |  |  |  |  |  | 2,988,016 |  |  |  | (27,504 | ) |  |  | 2,960,512 |
Less current maturities |  |  |  |  |  |  | 44,416 |  |  |  | — |  |  |  | 44,416 |
Long-term debt, net |  |  |  |  |  | $ | 2,943,600 |  |  | $ | (27,504 | ) |  | $ | 2,916,096 |
|  | December 31, 2023 |
|  | Interest |  |  |  |  |  |  | Unamortized |  |  |  |  |
|  | Rates at |  |  |  |  |  |  | Origination |  |  |  |  |
|  | December 31, |  |  | Outstanding |  |  | Fees and |  |  | Long-Term |
(In thousands) |  | 2023 |  |  | Principal |  |  | Costs |  |  | Debt, Net |
Credit facility |  |  | 7.164 | % |  | $ | 1,046,300 |  |  | $ | (13,403 | ) |  | $ | 1,032,897 |
4.750% senior notes due 2027 |  |  | 4.750 | % |  |  | 1,000,000 |  |  |  | (7,792 | ) |  |  | 992,208 |
4.750% senior notes due 2031 |  |  | 4.750 | % |  |  | 900,000 |  |  |  | (10,111 | ) |  |  | 889,889 |
Other |  |  | 5.208 | % |  |  | 504 |  |  |  | — |  |  |  | 504 |
Total long-term debt |  |  |  |  |  |  | 2,946,804 |  |  |  | (31,306 | ) |  |  | 2,915,498 |
Less current maturities |  |  |  |  |  |  | 44,275 |  |  |  | — |  |  |  | 44,275 |
Long-term debt, net |  |  |  |  |  | $ | 2,902,529 |  |  | $ | (31,306 | ) |  | $ | 2,871,223 |
The outstanding principal amounts under the Credit Facility are comprised of the following:
|  | June 30, |  |  | December 31, |
(In thousands) |  | 2024 |  |  | 2023 |
Revolving Credit Facility |  | $ | 255,000 |  |  | $ | 180,000 |
Term A Loan |  |  | 781,000 |  |  |  | 803,000 |
Swing Loan |  |  | 51,600 |  |  |  | 63,300 |
Total outstanding principal amounts |  | $ | 1,087,600 |  |  | $ | 1,046,300 |
With a total revolving credit commitment of $1,450.0 million available under the Credit Facility, $255.0 million and $51.6 million in borrowings outstanding on the Revolving Credit Facility and the Swing Loan, respectively, and $13.4 million allocated to support various letters of credit, there was a remaining contractual availability under the Credit Facility of $1,130.0 million as of June 30, 2024. Covenant Compliance As of June 30, 2024, we were in compliance with the financial covenants of our debt instruments. ___

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