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Debt (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Summary of Debt | The following table summarizes our debt balances and the related weighted average effective interest rates, which includes the effect of interest rate swap agreements.
| Debt balance at |  | Weighted average effective interest rate at
(dollars in thousands) | December 31, 2024 | December 31, 2023 |  | December 31, 2024 | December 31, 2023
Credit facility: |  |  |  |  |
Revolving credit loans | $ | 229,900 |  | $ | 114,100 |  |  | 6.37 | % | 7.52 | %
Term loans | 790,000 |  | 607,500 |  |  | 5.59 | % | 3.51 | %
Real estate loans | 55,135 |  | 56,745 |  |  | 5.23 | % | 5.22 | %
Other debt | 2,783 |  | 2,800 |  |  | 8.77 | % | 8.42 | %
Total debt | 1,077,818 |  | 781,145 |  |  | 5.75 | % | 4.24 | %
Less: Unamortized discount and debt issuance costs | 2,833 |  | 1,481 |  |  |  |
Less: Debt, current portion | 23,875 |  | 19,259 |  |  | 6.21 | % | 7.02 | %
Debt, net of current portion | $ | 1,051,110 |  | $ | 760,405 |  |  | 5.73 | % | 4.17 | %
Schedule of Currently Effective Financing Agreements | The following table summarizes our currently effective financing agreements as of December 31, 2024:
(dollars in thousands) | Term in Months | Number of Annual Payments | First Annual Payment Due | Original Loan Value
Effective dates of agreements(1): |  |  |  |
December 2022 | 39 | 3 |  | January 2023 | $ | 1,710 |
January 2023 | 36 | 3 |  | April 2023 | 2,491 |
April 2024 | 36 | 3 |  | May 2024 | 2,073 |
(1)Represent noncash investing and financing transactions during the periods indicated as we purchased software and services by assuming directly related liabilities.
Supplier Finance Program | The changes in supplier financing obligations during the years ended December 31, 2024, consisted of the following:
(dollars in thousands) | Total
Balance at December 31, 2023 | $ | 2,800 |
Additions | 2,073 |
Payments | (2,090) |
Balance at December 31, 2024 | $ | 2,783 |
Annual Maturities Related to Credit Facility, Real Estate Loans and Other Debt | As of December 31, 2024, the required annual maturities related to the 2024 Credit Facilities, the Real Estate Loans and our other debt were as follows:
Years ending December 31, (dollars in thousands) | Annual maturities
2025 | $ | 23,875 |
2026 | 22,660 |
2027 | 22,166 |
2028 | 22,375 |
2029 | 942,496 |
Thereafter | 44,246 |
Total required maturities | $ | 1,077,818 |

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