XML 73 R61.htm IDEA: XBRL DOCUMENT v3.26.1
DEBT (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jan. 24, 2025
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
May 01, 2026
DEBT              
Debt outstanding   $ 262,938   $ 262,938      
Reduction in borrowing capacity   19,600   19,600   $ 19,600  
Debt issuance costs       101 $ 7,867    
Amortization of debt issuance costs       829 1,403    
Agricultural Loan              
DEBT              
Debt outstanding   12,938   12,938      
Debt issuance costs       100      
Loan amount             $ 13,000
Interest rate             6.35%
Letter of Credit              
DEBT              
Maximum borrowing capacity $ 50,000            
Revolving Credit Facility              
DEBT              
Maximum borrowing capacity 300,000            
Additional borrowing capacity $ 150,000            
Percentage of borrowing base one 40.00%            
Percentage of borrowing base two 30.00%            
Revolving Credit Facility | Minimum              
DEBT              
Unused line fee (as a percent) 0.25%            
Revolving Credit Facility | Maximum              
DEBT              
Unused line fee (as a percent) 0.375%            
Revolving Credit Facility | Base Rate Advances | Minimum              
DEBT              
Margin (as a percent) 0.50%            
Revolving Credit Facility | Base Rate Advances | Maximum              
DEBT              
Margin (as a percent) 1.00%            
Revolving Credit Facility | SOFR | Minimum              
DEBT              
Margin (as a percent) 1.50%            
Revolving Credit Facility | SOFR | Maximum              
DEBT              
Margin (as a percent) 2.00%            
Revolving Credit Facility | Investment grade billed receivables              
DEBT              
Borrowing base (as a percent) 90.00%            
Revolving Credit Facility | Eligible Billed Receivables              
DEBT              
Borrowing base (as a percent) 85.00%            
Revolving Credit Facility | Eligible Unbilled Receivables              
DEBT              
Borrowing base (as a percent) 75.00%            
Revolving Credit Facility | Eligible Inventory              
DEBT              
Borrowing base (as a percent) 70.00%            
Revolving Credit Facility | Net Recovery Percentage              
DEBT              
Borrowing base (as a percent) 85.00%            
Revolving Credit Facility | Borrowing Base              
DEBT              
Maximum borrowing capacity   264,000   264,000      
Senior secured credit facility              
DEBT              
Maximum borrowing capacity $ 550,000 264,000   264,000   235,100  
Debt instrument floor rate 0.00%            
Variable interest rate (as a percent) 0.05%            
Unused line fee (as a percent) 0.01%            
Fixed charge coverage ratio 1.00%            
Leverage ratio 3.50%            
Lookback period 30 days            
Percentage outstanding 20.00%            
Base amount $ 27,000            
Debt outstanding   250,000   250,000   320,000  
Unused portion of available borrowing   244,400   244,400      
Debt issuance costs           7,900  
Unamortized Debt issuance Costs   6,000   6,000   $ 6,700  
Amortization of debt issuance costs   $ 400 $ 400 $ 800 700    
Senior secured credit facility | Minimum              
DEBT              
Variable interest rate (as a percent)   1.75%   1.75%      
Senior secured credit facility | Maximum              
DEBT              
Variable interest rate (as a percent)   2.25%   2.25%      
Leverage ratio 3.50%            
Quarterly installments $ 15,625            
Senior secured credit facility | SOFR              
DEBT              
Margin (as a percent) 1.00%            
Senior secured credit facility | Federal fund rate              
DEBT              
Margin (as a percent) 0.50%            
Senior secured credit facility | Swingline Loan              
DEBT              
Maximum borrowing capacity $ 30,000            
Term loan facility              
DEBT              
Maximum borrowing capacity 250,000            
Borrowing base of revolving credit facility $ 426,300            
Line of credit facility borrowing limit (as percent) 25.00%            
Line of credit facility borrowing limit $ 30,000            
Borrowing base limit beginning period 3 days            
Borrowing base limit ending period 30 days            
Debt outstanding   $ 250,000   $ 250,000      
Term loan facility | Base Rate Advances | Minimum              
DEBT              
Margin (as a percent) 2.00%            
Term loan facility | Base Rate Advances | Maximum              
DEBT              
Margin (as a percent) 2.50%            
Term loan facility | SOFR | Minimum              
DEBT              
Margin (as a percent) 3.00%            
Term loan facility | SOFR | Maximum              
DEBT              
Margin (as a percent) 3.50%            
Term loan facility | Net Book Value Of All M&E              
DEBT              
Borrowing base (as a percent) 100.00%            
Term loan facility | NOLV-IP Of Term Advance Collateral              
DEBT              
Borrowing base (as a percent) 65.00%            
Term loan facility | First Four Years              
DEBT              
Additional borrowing capacity $ 50,000            
Sustainability linked credit facility              
DEBT              
Amortization of debt issuance costs         700    
Prior Sustainability-Linked credit facility and transferred     $ 400   $ 400