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DEBT (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Maximum Leverage Ratios | The Company’s maximum Consolidated Total Leverage Ratio (as defined in the March 2023 Amendment) in the financial covenants is outlined below. Concurrent with the Durepair acquisition (see Note 2. Acquisitions and Divestitures), in accordance with the terms of the March 2023 Amendment, the Company elected to increase the maximum Consolidated Total Leverage Ratio to 5.00 from the fiscal quarter ending December 31, 2024 through the fiscal quarter ending September 30, 2025.
Fiscal Quarter Ending |  | Maximum Consolidated Total Leverage Ratio
March 31, 2023 through September 30, 2024 |  | 4.50 to 1.00
December 31, 2024 through September 30, 2025 |  | 5.00 to 1.00
December 31, 2025 through June 30, 2026 |  | 4.25 to 1.00
September 30, 2026 and the last day of each fiscal quarter thereafter |  | 4.00 to 1.00
Schedule of Contractual Repayments of Long-Term Debt | Contractual repayments of the term loan component of the Senior Credit Facility are due as follows:
As of September 30, 2024 |  | Principal Repayment
Dollars in thousands |  |
Remainder of 2024 |  | $ | 4,844 |
2025 |  | 33,906 |
2026 |  | 38,750 |
2027 |  | 53,281 |
2028 |  | 634,531 |
|  | $ | 765,312 |

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