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DEBT (Tables) | 3 Months Ended
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Mar. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Maximum Leverage Ratios |
Fiscal Quarter Ending |  | Maximum Consolidated Total Leverage Ratio
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 March 31, 2025 |  | Principal Repayment
Dollars in thousands |  |
Remainder of 2025 |  | $ | 29,063 |
2026 |  | 38,750 |
2027 |  | 53,281 |
2028 |  | 634,531 |
|  | $ | 755,625 |
Schedule of Carrying Amounts and Estimated Fair Values of Debt Instruments | The carrying amounts and the estimated fair values of debt as of March 31, 2025 and December 31, 2024 are as follows:
|  | March 31, 2025 | December 31, 2024
| Fair Value Measurement | Carrying Value | Estimated Fair Value | Carrying Value | Estimated Fair Value
Dollars in thousands |  |  |  |  |
Senior credit facility - term loan | Level 2 | $ | 755,625 |  | $ | 743,524 |  | $ | 760,469 |  | $ | 751,143 |
Senior credit facility - revolving component | Level 2 | 415,000 |  | 407,798 |  | 365,000 |  | 360,144 |
2025 Notes | Level 1 | 575,000 |  | 564,938 |  | 575,000 |  | 555,594 |
Securitization | Level 2 | 102,100 |  | 100,049 |  | 108,100 |  | 105,831 |
Subtotal |  | $ | 1,847,725 |  | $ | 1,816,309 |  | $ | 1,808,569 |  | $ | 1,772,712 |
Debt issuance costs |  | (4,435) |  |  | (5,476) |  |
Total debt |  | $ | 1,843,290 |  | $ | 1,816,309 |  | $ | 1,803,093 |  | $ | 1,772,712 |

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