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Financial Commitments (Tables)
9 Months Ended
Sep. 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 September 30,
2025
As of December 31,
2024
2024 Senior Notes$380,968 $378,023 
Term Loan B— 121,863 
Revolver— — 
Equipment financing and mortgages21,096 25,038 
Other indebtedness11,019 9,214 
Total debt413,083 534,138 
Less: Current maturities20,068 24,113 
Long-term debt, net$393,015 $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 September 30, 2025 and December 31, 2024:
As of September 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 $(19,032)$380,968 $400,000 $(21,977)$378,023 
Term Loan B— — — 121,863 — 121,863 
Schedule of Interest Expense as Reported in the Consolidated Statements of Income
Interest expense as reported in the Condensed Consolidated Statements of Operations consisted of the following:
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in thousands)2025202420252024
Cash interest expense:
Interest on Term Loan B$— $7,121 $876 $22,693 
Interest on 2024 Senior Notes11,875 11,875 35,625 20,583 
Interest on 2017 Senior Notes— — — 11,554 
Interest on Revolver— 20 193 993 
Other interest519 686 1,431 1,904 
Total cash interest expense12,394 19,702 38,125 57,727 
Non-cash interest expense:(a)
Amortization of discount and debt issuance costs on Term Loan B— 494 — 2,285 
Amortization of debt issuance costs on Revolver140 140 419 493 
Amortization of debt issuance costs on 2024 Senior Notes1,015 887 2,945 1,519 
Amortization of debt issuance costs on 2017 Senior Notes— — — 392 
Non-cash portion of loss on extinguishment— — — 1,198 
Total non-cash interest expense1,155 1,521 3,364 5,887 
Total interest expense$13,549 $21,223 $41,489 $63,614 
____________________________________________________________________________________________________
(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 nine months ended September 30, 2025.