XML 44 R33.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Debt (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Debt Disclosure [Abstract] |
Debt outstanding | Debt outstanding was comprised of the following:
(in thousands) |  | June 30, 2024 |  | December 31, 2023
Senior, secured term loan facility |  | $ | 790,563 |  |  | $ | 877,187 |
Senior, unsecured notes |  | 475,000 |  |  | 475,000 |
Amounts drawn on senior, secured revolving credit facility |  | 223,000 |  |  | 252,000 |
Securitization obligations |  | 78,917 |  |  | — |
Total principal amount |  | 1,567,480 |  |  | 1,604,187 |
Less: unamortized discount and debt issuance costs |  | (9,504) |  |  | (11,336) |
Total debt, net of discount and debt issuance costs |  | 1,557,976 |  |  | 1,592,851 |
Less: current portion of long-term debt, net of debt issuance costs |  | (43,124) |  |  | (86,153) |
Long-term debt |  | $ | 1,514,852 |  |  | $ | 1,506,698 |
Maturities of long-term debt | Maturities of long-term debt were as follows as of June 30, 2024:
(in thousands) |  | Debt obligations
2025 |  | $ | 101,063 |
2026 |  | 912,500 |
2027 |  | 78,917 |
2028 |  | — |
2029 |  | 475,000 |
Total principal amount |  | $ | 1,567,480 |
Revolving credit facility | As of June 30, 2024, amounts available for borrowing under our revolving credit facility were as follows:
(in thousands) |  | Available borrowings
Revolving credit facility commitment |  | $ | 500,000 |
Amounts drawn on revolving credit facility |  | (223,000) |
Outstanding letters of credit(1) |  | (7,673) |
Net available for borrowing as of June 30, 2024 |  | $ | 269,327 |
(1) We use standby letters of credit primarily to collateralize certain obligations related to our self-insured workers' compensation claims, as well as claims for environmental matters, as required by certain states. These letters of credit reduce the amount available for borrowing under our revolving credit facility.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration