XML 58 R42.htm IDEA: XBRL DOCUMENT v3.25.0.1

DEBT (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Debt outstanding

Debt outstanding was comprised of the following:

(in thousands)						2024						2023
Senior secured term loan facility						$	500,000					$	877,187
Senior unsecured notes						475,000						475,000
Senior secured notes						450,000						—
Securitization obligations						78,917						—
Amounts drawn on senior secured revolving credit facility						18,000						252,000
Total principal amount						1,521,917						1,604,187
Less: unamortized discount and debt issuance costs						(18,766)						(11,336)
Total debt, net of discount and debt issuance costs						1,503,151						1,592,851
Less: current portion of long-term debt, net of debt issuance costs						(37,130)						(86,153)
Long-term debt						$	1,466,021					$	1,506,698

Maturities of long-term debt

Maturities of long-term debt were as follows as of December 31, 2024:

(in thousands)						Debt obligations
2025						$	37,500
2026						37,500
2027						116,417
2028						50,000
2029						1,280,500
Total principal amount						$	1,521,917

Leverage ratio requirements

hese ratios may not equal or exceed the following amounts during the periods indicated:

Fiscal Quarter Ending

Consolidated total leverage ratio

Consolidated secured leverage ratio

December 31, 2024 through March 31, 2026

4.25 to 1:00

3.50 to 1:00

June 30, 2026 and each fiscal quarter thereafter

4.00 to 1:00

3.25 to 1:00

Revolving credit facility

As of December 31, 2024, amounts were available for borrowing under our revolving credit facility as follows:

(in thousands)						Total available
Revolving credit facility commitment						$	400,000
Amount drawn on revolving credit facility						(18,000)
Outstanding letters of credit(1)						(7,698)
Net available for borrowing as of December 31, 2024						$	374,302

(1) We utilize standby letters of credit primarily to secure certain obligations associated with our self-insured workers' compensation claims and environmental claims, as mandated by certain states. These letters of credit reduce the available borrowing capacity under our revolving credit facility.

X

- Definition

Tabular disclosure of information regarding debt covenant requirements.

+ References

No definition available.

+ Details

Name:	dlx_DebtCovenantsTableTextBlock
Namespace Prefix:	dlx_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

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
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19)(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