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v3.25.1

DEBT (Tables) | 3 Months Ended
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Mar. 31, 2025
Schedule of Debt Outstanding | Debt outstanding as of March 31, 2025 and December 31, 2024 consisted of the following (in thousands):
|  | March 31, |  |  | December 31, |
|  | 2025 |  |  | 2024 |
Revolving Credit Facility maturing October 2028. Interest payable periodically at variable interest rates. |  | $ | — |  |  | $ | — |
Term Loan maturing October 2028. Interest payable periodically at variable interest rates. The rate at March 31, 2025 and December 31, 2024 was 7.2%. Unamortized debt issuance costs amounted to $1.1 million at March 31, 2025 and December 31, 2024. |  |  | 117,187 |  |  |  | 118,750 |
4.75% Senior Notes maturing October 2027. Unamortized debt issuance costs amounted to $1.0 million and $1.1 million at March 31, 2025 and December 31, 2024, respectively. |  |  | 238,468 |  |  |  | 238,468 |
8.25% Senior Notes maturing April 2029. Unamortized debt issuance costs amounted to $7.1 million and $7.5 million at March 31, 2025 and December 31, 2024, respectively. |  |  | 500,000 |  |  |  | 500,000 |
4.43% Lansing Correctional Facility Non-Recourse Mortgage Note maturing January 2040. Unamortized debt issuance costs amounted to $2.4 million and $2.5 million at March 31, 2025 and December 31, 2024, respectively. |  |  | 138,774 |  |  |  | 140,162 |
Total debt |  |  | 994,429 |  |  |  | 997,380 |
Unamortized debt issuance costs |  |  | (11,567 | ) |  |  | (12,234 | )
Current portion of long-term debt |  |  | (12,977 | ) |  |  | (12,073 | )
Long-term debt, net |  | $ | 969,885 |  |  | $ | 973,073 |
Schedule of Principal Payments | Scheduled principal payments as of March 31, 2025 for the remainder of 2025, the next five years, and thereafter were as follows (in thousands):
2025 (remainder) |  | $ | 9,122 |
2026 |  |  | 15,701 |
2027 |  |  | 257,823 |
2028 |  |  | 97,995 |
2029 |  |  | 507,985 |
2030 |  |  | 8,073 |
Thereafter |  |  | 97,730 |
Total debt |  | $ | 994,429 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
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