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DEBT (Tables) | 6 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Maximum Leverage Ratios | Under the terms of the June 2025 Amendment, the Company’s Consolidated Total Leverage Ratio (defined, as of any date of determination, as the ratio of (a) Consolidated Funded Indebtedness as of such date (as defined in the Senior Credit Facility) less cash that is not subject to any restriction on the use or investment thereof to (b) Consolidated EBITDA (as defined by the Senior Credit Facility)) for the period of four consecutive fiscal quarters ending on such date was modified to the following:
Fiscal Quarter Ending |  | Maximum Consolidated Total Leverage Ratio
June 30, 2025 through June 30, 2026 |  | 5.00 to 1.00
September 30, 2026 |  | 4.75 to 1.00
December 31, 2026 |  | 4.50 to 1.00
March 31, 2027 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 June 30, 2025 |  | Principal Repayment
Dollars in thousands |  |
Remainder of 2025 |  | $ | 19,375 |
2026 |  | 38,750 |
2027 |  | 53,281 |
2028 |  | 634,532 |
|  | $ | 745,938 |
Schedule of Carrying Amounts and Estimated Fair Values of Debt Instruments | The carrying amounts and the estimated fair values of debt as of June 30, 2025 and December 31, 2024 are as follows:
|  | June 30, 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 | $ | 745,938 |  | $ | 740,173 |  | $ | 760,469 |  | $ | 751,143 |
Senior credit facility - revolving component | Level 2 | 415,000 |  | 411,515 |  | 365,000 |  | 360,144 |
2025 Notes | Level 1 | 575,000 |  | 569,365 |  | 575,000 |  | 555,594 |
Securitization | Level 2 | 108,800 |  | 106,657 |  | 108,100 |  | 105,831 |
Subtotal |  | $ | 1,844,738 |  | $ | 1,827,710 |  | $ | 1,808,569 |  | $ | 1,772,712 |
Debt issuance costs |  | (4,418) |  |  | (5,476) |  |
Total debt |  | $ | 1,840,320 |  | $ | 1,827,710 |  | $ | 1,803,093 |  | $ | 1,772,712 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
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