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Subsequent Events
 12 Months Ended
Dec. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events SUBSEQUENT EVENTS
On February 26, 2026, we announced that our board of directors approved an annual variable dividend, payable on March 31, 2026 to stockholders of record on March 13, 2026 at a rate of $1.80 per share. In addition, we recently announced that our board of directors declared a quarterly dividend, payable on March 31, 2026 to stockholders of record on March 13, 2026 at a rate of 39.0 cents per share.
On February 26, 2026, we also announced that our board of directors authorized a new stock repurchase program that allows for the repurchase of up to $500.0 million of our outstanding common stock. The new program replaces the previous program and is in effect through March 1, 2027. For more information about our stock repurchase programs, see Note 13, Stockholders' Equity.
On January 21, 2026, we completed an offering of $500.0 million aggregate principal amount of 5.625% Senior Notes due 2034 (the "2034 Senior Notes"). The net proceeds from the sale of the 2034 Senior Notes, after deducting fees and estimated offering expenses, was approximately $490.0 million. We used approximately $308.2 million of the net proceeds to redeem the outstanding principal and accrued interest on our 2028 Senior Notes. The remaining net proceeds will be used for other general corporate purposes. The 2034 Senior Notes will mature on February 1, 2034 and interest will accrue at a rate of 5.625% per annum from the date of original issuance and will be payable semi-annually in cash in arrears on February 1 and August 1 of each year, commencing on August 1, 2026. Additional details regarding the 2034 Senior Notes may be found in the Company’s Current Report on Form 8-K filed on January 22, 2026 with the Securities and Exchange Commission.
On January 21, 2026, we entered into Amendment No. 4 to our ABL Credit Agreement ("ABL Fourth Amendment”). The ABL Fourth Amendment increased the commitment amount under the ABL Revolver to $375.0 million and extended the maturity to January 21, 2031. In conjunction with the ABL Fourth Amendment, the ABL Revolver bears interest at either the Term SOFR rate or the base rate, at the Company’s election, plus a margin of: (A) 1.00% or 1.25% per annum in the case of Term SOFR rate loans (based on a measure of availability under the agreement) and (B) 0.00% or 0.25% per annum in the case of base rate loans (based on a measure of availability under the agreement). Additional details regarding the ABL Fourth Amendment may be found in the Company’s Current Report on Form 8-K filed on January 22, 2026 with the Securities and Exchange Commission.
Between December 31, 2025 and the filing of this Annual Report on Form 10-K, we completed three acquisitions for total combined consideration of approximately $28.7 million, the largest of which is Thermo-Tech Mechanical Insulation, Inc. for total consideration of approximately $19.5 million. The initial accounting for these business combinations was not complete at the time the financial statements were issued due to the timing of the acquisitions and the filing of this Annual Report on Form 10-K. As a result, disclosures required under ASC 805-10-50, Business Combinations, cannot be made at this time.