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DEBT (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Our debt consisted of the following at December 31, 2023 and 2022:
20232022
Debt:
Senior Notes due 2031 at a fixed interest rate of 2.75%
$450,000 $450,000 
2015 Term Loan Facility borrowings due 2028 at a variable interest rate of 7.03% at December 31, 2023
350,000 350,000 
2021 Incremental Term Loan Facility borrowings due 2029 at a variable interest rate of 6.98% at December 31, 2023
200,000 200,000 
2016 Incremental Term Loan Facility borrowings due 2026 at a variable interest rate of 7.08% at December 31, 2023
200,000 200,000 
2022 Incremental Term Loan Facility borrowings due 2027 at a variable interest rate of 7.03% at December 31, 2023
100,000 250,000 
New Zealand subsidiary noncontrolling interest shareholder loan due 2026 at a fixed interest rate of 3.64%
25,453 25,586 
New Zealand subsidiary noncontrolling interest shareholder loan due 2027 at a fixed interest rate of 6.48%
25,453 25,586 
New Zealand subsidiary noncontrolling interest shareholder loan due 2025 at a fixed interest rate of 2.95%
21,817 21,931 
Total principal debt1,372,723 1,523,103 
Less: Unamortized discounts(2,772)(3,104)
Less: Deferred financing costs(4,178)(5,278)
Total long-term debt$1,365,773 $1,514,721 
Schedule of Maturities of Long-term Debt
Principal payments due during the next five years and thereafter are as follows: 

2024— 
202521,817 
2026225,453 
2027125,453 
2028350,000 
Thereafter650,000 
Total debt$1,372,723 
Schedule of Debt Covenants
The covenants listed below, which are the most significant financial covenants in effect as of December 31, 2023, are calculated on a trailing 12-month basis:
Covenant RequirementActual RatioFavorable
Covenant EBITDA to consolidated interest expense should not be less than
2.5 to 1
11.5 to 1
9.0
Covenant debt to covenant net worth plus covenant debt shall not exceed65 %43 %22 %