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DEBT (Tables)

3 Months Ended

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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Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

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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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