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DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Derivatives

The following table contains information on the outstanding interest rate swaps as of December 31, 2024:

Outstanding Interest Rate Swaps (a)
Date Entered Into			Term			Notional Amount			Related Debt Facility			Fixed Rate of Swap			Bank Margin on Debt (b)			Total Effective Interest Rate (c)
April 2016			10 years			$100,000			2016 Incremental Term Loan			1.50		%	1.75		%	3.25		%
April 2016			10 years			100,000			2016 Incremental Term Loan			1.51		%	1.75		%	3.26		%
May 2021 (d)			7 years			200,000			2021 Incremental Term Loan			0.67		%	1.65		%	2.32		%
April 2020 (e)			4 years			100,000			2015 Term Loan			0.78		%	1.60		%	2.38		%
May 2020 (e)			4 years			50,000			2015 Term Loan			0.64		%	1.60		%	2.24		%
May 2023 (e)			4 years			50,000			2015 Term Loan			3.29		%	1.60		%	4.89		%

(a)All interest rate swaps have been designated as interest rate cash flow hedges and qualify for hedge accounting.

(b)Includes the SOFR Credit Spread Adjustment component of 0.1%.

(c)Rate is before estimated patronage payments.

(d)Matured into an active interest rate swap on February 1, 2022.

(e)On August 1, 2024, our three forward-starting interest rate swaps with a total notional amount of $200 million matured into active interest rate swaps. See Note 8 — Debt for additional information.

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The following table demonstrates the impact, gross of tax, of our derivatives on the Consolidated Statements of Income and Comprehensive Income (Loss) for the years ended December 31, 2024, 2023 and 2022:

			Location on Statement of Income and Comprehensive Income (Loss)						2024						2023						2022
Derivatives designated as cash flow hedges:
Interest rate products			Other comprehensive (loss) income, relating to continuing operations						$21,795						$10,265						$75,006
			Interest expense, net						(28,406)						(26,311)						2,459

The following table contains details of the amounts expected to be reclassified into earnings:

			Amount expected to be reclassified into earnings in next 12 months
						Derivatives designated as cash flow hedges:
Interest rate products (a)			$16,414
Total estimated gain on derivatives contracts			$16,414

(a)    These reclassified amounts are expected to fully offset variable interest rate payments made to debt holders, resulting in no net impact on our earnings or cash flows.

Schedule of Notional Amounts of Outstanding Derivative Positions

The following table contains the notional amounts of the derivative financial instruments recorded in the Consolidated Balance Sheets at December 31, 2024 and 2023:

			Notional Amount
			2024						2023
Derivatives designated as cash flow hedges:
Interest rate swaps			$600,000						$850,000
Forward-starting interest rate swaps			—						200,000

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table contains the fair values of the derivative financial instruments recorded in the Consolidated Balance Sheets at December 31, 2024 and 2023. Changes in balances of derivative financial instruments are recorded as operating activities in the Consolidated Statements of Cash Flows:

									Fair Value Assets (Liabilities) (a)
			Location on Balance Sheet						2024						2023
Derivatives designated as cash flow hedges:
Interest rate swaps			Other current assets						—						$5,742
			Other assets						49,353						37,983
			Other non-current liabilities						—						(546)
Forward-starting interest rate swaps			Other assets						—						12,790
			Other non-current liabilities						—						(8)
Total derivative contracts:
Other current assets									—						$5,742
Other assets									49,353						50,773
Total derivative assets									$49,353						$56,515
Other non-current liabilities									—						(554)
Total derivative liabilities									—						($554)

(a)See Note 10 — Fair Value Measurements for further information on the fair value of our derivatives including their classification within the fair value hierarchy.

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Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments.

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