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DEBT (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Long-term Debt Maximum Leverage Ratios

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 Debt

Contractual repayments of the Term Loan component of the Senior Credit Facility are due as follows:

Year Ended December 31, 2024						Principal Repayment
Dollars in thousands
2025						$	33,906
2026						38,750
2027						53,281
2028						634,532
						$	760,469

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The carrying amounts and the estimated fair values of debt as of December 31, 2024 and 2023 are as follows:

						December 31, 2024						December 31, 2023
			Fair Value Measurement			Carrying Value			Estimated Fair Value			Carrying Value			Estimated Fair Value
Dollars in thousands
Senior credit facility - term loan			Level 2			$	760,469		$	751,143		$	775,000		$	762,869
Senior credit facility - revolving component			Level 2			365,000			360,144			70,000			68,902
2025 Notes			Level 1			575,000			555,594			575,000			541,219
Securitization			Level 2			108,100			105,831			89,200			87,069
Subtotal						$	1,808,569		$	1,772,712		$	1,509,200		$	1,460,059
Debt issuance costs						(5,476)						(9,651)
Total debt						$	1,803,093		$	1,772,712		$	1,499,549		$	1,460,059

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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