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Note 6 - Long-term Debt | 9 Months Ended
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Sep. 30, 2024
Notes to Financial Statements |
Long-Term Debt [Text Block] | NOTE 6. LONG-TERM DEBT Long-term debt, net of current maturities and debt issuance costs, consists of the following:
|  | September 30, 2024 |
|  | Interest |  |  |  |  |  |  | Unamortized |  |  |  |  |
|  | Rates at |  |  |  |  |  |  | Origination |  |  |  |  |
|  | September 30, |  |  | Outstanding |  |  | Fees and |  |  | Long-Term |
(In thousands) |  | 2024 |  |  | Principal |  |  | Costs |  |  | Debt, Net |
Credit facility |  |  | 6.685 | % |  | $ | 1,194,600 |  |  | $ | (10,177 | ) |  | $ | 1,184,423 |
4.750% senior notes due 2027 |  |  | 4.750 | % |  |  | 1,000,000 |  |  |  | (6,331 | ) |  |  | 993,669 |
4.750% senior notes due 2031 |  |  | 4.750 | % |  |  | 900,000 |  |  |  | (9,100 | ) |  |  | 890,900 |
Other |  |  | 5.208 | % |  |  | 364 |  |  |  | — |  |  |  | 364 |
Total long-term debt |  |  |  |  |  |  | 3,094,964 |  |  |  | (25,608 | ) |  |  | 3,069,356 |
Less current maturities |  |  |  |  |  |  | 44,364 |  |  |  | — |  |  |  | 44,364 |
Long-term debt, net |  |  |  |  |  | $ | 3,050,600 |  |  | $ | (25,608 | ) |  | $ | 3,024,992 |
|  | 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:
|  | September 30, |  |  | December 31, |
(In thousands) |  | 2024 |  |  | 2023 |
Revolving Credit Facility |  | $ | 380,000 |  |  | $ | 180,000 |
Term A Loan |  |  | 770,000 |  |  |  | 803,000 |
Swing Loan |  |  | 44,600 |  |  |  | 63,300 |
Total outstanding principal amounts |  | $ | 1,194,600 |  |  | $ | 1,046,300 |
With a total revolving credit commitment of $1,450.0 million available under the Credit Facility, $380.0 million and $44.6 million in borrowings outstanding on the Revolving Credit Facility and the Swing Loan, respectively, and $13.0 million allocated to support various letters of credit, there was a remaining contractual availability under the Credit Facility of $1,012.4 million as of September 30, 2024. Covenant Compliance As of September 30, 2024, we were in compliance with the financial covenants of our debt instruments.

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