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Debt (Tables)
3 Months Ended
Mar. 31, 2025
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 atWeighted average
effective interest rate at
(dollars in thousands)March 31,
2025
December 31,
2024
March 31,
2025
December 31,
2024
Credit facility:
Revolving credit loans$366,000 $229,900 6.36 %6.37 %
Term loans785,000 790,000 5.53 %5.59 %
Real estate loans54,712 55,135 5.23 %5.23 %
Other debt2,213 2,783 8.94 %8.77 %
Total debt1,207,925 1,077,818 5.78 %5.75 %
Less: Unamortized discount and debt issuance costs2,232 2,833 
Less: Debt, current portion23,350 23,875 6.35 %6.21 %
Debt, net of current portion$1,182,343 $1,051,110 5.76 %5.73 %
Summary of Currently Effective Supplier Financing Agreements
The following table summarizes our currently effective supplier financing agreements as of March 31, 2025:
(dollars in thousands)Term
 in Months
Number of
Annual Payments
First Annual
Payment Due
Original Loan
Value
Effective dates of agreements (1):
December 202239January 2023$1,710 
January 202336April 2023$2,491 
April 202436May 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.
Changes in Supplier Financing Obligations
The changes in supplier financing obligations during the three months ended March 31, 2025, consisted of the following:
(dollars in thousands)Total
Balance at December 31, 2024$2,783 
Additions
— 
Payments
(570)
Balance at March 31, 2025$2,213