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Financial Commitments (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Long-term debt as reported on the Condensed Consolidated Balance Sheets consisted of the following:
(in thousands)As of June 30,
2025
As of December 31,
2024
2024 Senior Notes$379,953 $378,023 
Term Loan B— 121,863 
Revolver— — 
Equipment financing and mortgages23,912 25,038 
Other indebtedness15,553 9,214 
Total debt419,418 534,138 
Less: Current maturities26,120 24,113 
Long-term debt, net$393,298 $510,025 
Schedule of Reconciliation of Outstanding Debt Balance to Reported Debt Balance
The following table reconciles the outstanding debt balances to the reported debt balances as of June 30, 2025 and December 31, 2024:
As of June 30, 2025As of December 31, 2024
(in thousands)Outstanding DebtUnamortized Discounts and Issuance CostsDebt,
as reported
Outstanding DebtUnamortized Discounts and Issuance CostsDebt,
as reported
2024 Senior Notes$400,000 $(20,047)$379,953 $400,000 $(21,977)$378,023 
Term Loan B— — — 121,863 — 121,863 
Schedule of Interest Expense as Reported in the Consolidated Statements of Income
Interest expense as reported in the Condensed Consolidated Statements of Income consisted of the following:
Three Months Ended
June 30,
Six Months Ended
June 30,
(in thousands)2025202420252024
Cash interest expense:
Interest on Term Loan B$— $7,084 $876 $15,572 
Interest on 2024 Senior Notes11,875 8,708 23,750 8,708 
Interest on 2017 Senior Notes— 2,960 — 11,554 
Interest on Revolver72 973 193 973 
Other interest520 799 912 1,218 
Total cash interest expense12,467 20,524 25,731 38,025 
Non-cash interest expense:(a)
Amortization of discount and debt issuance costs on Term Loan B— 473 — 1,791 
Amortization of debt issuance costs on Revolver139 158 279 353 
Amortization of debt issuance costs on 2024 Senior Notes982 632 1,930 632 
Amortization of debt issuance costs on 2017 Senior Notes— 99 — 392 
Non-cash portion of loss on extinguishment— 1,198 — 1,198 
Total non-cash interest expense1,121 2,560 2,209 4,366 
Total interest expense$13,588 $23,084 $27,940 $42,391 
____________________________________________________________________________________________________
(a)The combination of cash and non-cash interest expense produces effective interest rates that are higher than contractual rates. Accordingly, the effective interest rate for the 2024 Senior Notes was 13.56% for the six months ended June 30, 2025.