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SUBSEQUENT EVENTS (Details) - Subsequent Event $ in Millions | Nov. 01, 2024 USD ($) installment shares
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2024 Credit Facilities | Line of credit |
Subsequent Event [Line Items] |
Line of credit facility, maximum borrowing capacity | $ 2,000.0
Annual amortization rate first two years | 5.00%
Annual amortization rate third and fourth years | 7.50%
Annual amortization rate, year five | 10.00%
Covenant leverage ratio, maximum, tranche one | 5.00
Covenant leverage ratio, maximum, tranche two | 3.75
Covenant interest coverage ratio, minimum | 3.00
Long-term line of credit | $ 1,465.5
2024 Credit Facilities | Line of credit | Fed Funds Effective Rate Overnight Index Swap Rate |
Subsequent Event [Line Items] |
Basis spread on variable rate | 0.50%
2024 Credit Facilities | Line of credit | Secured Overnight Financing Rate (SOFR) |
Subsequent Event [Line Items] |
Basis spread on variable rate | 1.00%
2024 Credit Facilities | Line of credit | SOFR Adjustment |
Subsequent Event [Line Items] |
Basis spread on variable rate | 0.10%
2024 Credit Facilities | Line of credit | Adjusted Base Rate | Minimum |
Subsequent Event [Line Items] |
Basis spread on variable rate | 0.375%
2024 Credit Facilities | Line of credit | Adjusted Base Rate | Maximum |
Subsequent Event [Line Items] |
Basis spread on variable rate | 1.50%
2024 Credit Facilities | Line of credit | Adjusted Term Secured Overnight Financing Rate (SOFR) | Minimum |
Subsequent Event [Line Items] |
Basis spread on variable rate | 1.375%
2024 Credit Facilities | Line of credit | Adjusted Term Secured Overnight Financing Rate (SOFR) | Maximum |
Subsequent Event [Line Items] |
Basis spread on variable rate | 2.50%
2024 Credit Facilities | Line of credit | Secured Debt |
Subsequent Event [Line Items] |
Debt instrument, face amount | $ 1,400.0
2024 Credit Facilities | Line of credit | Revolving Credit Facility |
Subsequent Event [Line Items] |
Line of credit facility, maximum borrowing capacity | 600.0
Incremental borrowing capacity | $ 465.0
Percent of EBITDA | 100.00%
Net leverage ratio | 3.50
Marcum |
Subsequent Event [Line Items] |
Cash paid | $ 637.6
Additional cash paid | $ 425.5
Common stock issued (in shares) | shares | 14,260,645
Number of shares deliverable, tranche one | shares | 713,032
Number of shares deliverable, tranche two | shares | 2,852,129
Number of shares deliverable, tranche three | shares | 10,695,484
Number of shares deliverable, tranche three, number of monthly installments | installment | 36

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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
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