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Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Disclosure of Fair Value and Carrying Value of Debt Instruments The estimated fair value, as well as the carrying value, of the Company's debt instruments are shown below:

 

March 31, 2025

 

 

December 31, 2024

 

Estimated aggregate fair value (1)

$

698.3

 

 

$

706.4

 

Aggregate carrying value (1)

 

768.3

 

 

 

728.9

 

(1) Total debt excluding the impact of unamortized debt discount and debt issuance costs.

Schedule of Contingent Consideration Liabilities Measured and Recorded at Fair Value

The following table sets forth the Company’s contingent consideration liabilities measured and recorded at fair value and their presentation on the Condensed Consolidated Balance Sheets:

 

Level 3

 

Balance Sheet Location

March 31, 2025

 

 

December 31, 2024

 

Other current liabilities

$

 

 

$

 

Other liabilities

 

5.7

 

 

 

5.7

 

Summary of Maturity Dates Unit of Measure and Notional Value for Derivative Instruments

The following table summarizes the maturity dates, unit of measure, and notional value for the Company's derivative instruments as of March 31, 2025:

Maturity Date of Derivatives

Currency / Unit of Measure

 

Notional Value

 

Interest rate cap (December 2025)

One-month SOFR

 

$

200.0

 

Fuel swaps (various through February 2027)

Gallons

 

 

4.6

 

Summary of Derivative Instruments Measured at Fair Value

The following table sets forth the location and fair value of the Company’s derivative instruments as of March 31, 2025 and December 31, 2024 on the Condensed Consolidated Balance Sheets:

 

Asset Derivatives

 

 

Liability Derivatives

 

Derivative designated as hedge

Balance Sheet location

 

March 31, 2025

 

 

December 31, 2024

 

 

Balance Sheet location

March 31, 2025

 

 

December 31, 2024

 

Interest rate cap - current portion

Prepaid expenses and other current assets

 

$

 

 

$

0.2

 

 

Other current liabilities

$

1.2

 

 

$

1.6

 

Derivatives not designated as hedge

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fuel swaps - current portion

Prepaid expenses and other current assets

 

 

 

 

 

 

 

Other current liabilities

 

0.2

 

 

 

0.3

 

Fuel swaps - long-term

Other assets

 

 

 

 

 

 

 

Other liabilities

 

 

 

 

0.1