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v3.25.1

Credit Facilities and Long-Term Debt (Tables) | 3 Months Ended
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Mar. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Debt | Total debt outstanding is summarized as follows (in thousands):
| March 31, |  | December 31,
| 2025 |  | 2024
2024 Credit Agreement (a) |  |  |
Multi-currency revolver | 324,736 |  |  | 244,171 |
U.S. dollar term loan(b) | 195,924 |  |  | 198,287 |
Euro term loan(b) | 105,973 |  |  | 102,908 |
Danish revolver | 4,350 |  |  | — |
Other | 19,572 |  |  | 16,948 |
Total debt | $ | 650,555 |  |  | $ | 562,314 |
Current maturities of debt | $ | 23,226 |  |  | $ | 27,117 |
Long-term debt | 627,329 |  |  | 535,197 |
Total debt | $ | 650,555 |  |  | $ | 562,314 |
(a) Weighted average interest rate, adjusted for the impact of interest rate swap agreements, is 5.4% and 5.6% at March 31, 2025 and December 31, 2024, respectively. Interest rates primarily consist of Term SOFR for borrowings in U.S. dollars and EURIBOR for borrowings in euros. (b) Amounts are shown net of unamortized deferred financing costs of $2.5 million at March 31, 2025 and $2.7 million at December 31, 2024.
Schedule of Maturities of Long-Term Debt | As of March 31, 2025, maturities of debt, net of unamortized deferred financing costs, through 2038, assuming no prepayments, are as follows (in thousands):
| Multi-Currency Revolver |  | U.S. Dollar Term Loan |  | Euro Term Loan |  | Danish Revolver |  | Other Debt |  | Total
Remainder of 2025 | $ | — |  |  | $ | 7,153 |  |  | $ | 3,864 |  |  | $ | — |  |  | $ | 3,872 |  |  | $ | 14,889 |
2026 | — |  |  | 9,606 |  |  | 5,190 |  |  | — |  |  | 1,192 |  |  | 15,988 |
2027 | — |  |  | 14,655 |  |  | 7,923 |  |  | — |  |  | 1,296 |  |  | 23,874 |
2028 | — |  |  | 19,703 |  |  | 10,655 |  |  | — |  |  | 1,225 |  |  | 31,583 |
2029 | 324,736 |  |  | 144,807 |  |  | 78,340 |  |  | 4,350 |  |  | 1,264 |  |  | 553,497 |
Thereafter | — |  |  | — |  |  | — |  |  | — |  |  | 10,724 |  |  | 10,724 |
Total | $ | 324,736 |  |  | $ | 195,924 |  |  | $ | 105,973 |  |  | $ | 4,350 |  |  | $ | 19,572 |  |  | $ | 650,555 |
Less: current maturities | — |  |  | (9,549) |  |  | (5,158) |  |  | (4,350) |  |  | (4,169) |  |  | (23,226) |
Long-term debt | $ | 324,736 |  |  | $ | 186,375 |  |  | $ | 100,814 |  |  | $ | — |  |  | $ | 15,404 |  |  | $ | 627,329 |

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