Debt (Tables)

12 Months Ended

Dec. 31, 2025

Debt Instrument [Line Items]

Schedule of Debt

As of December 31, 2025 and 2024, our debt consisted of the following:

	December 31,
	2025			2024
6.25% Senior Notes due 2030	$	825,000		$	-
6.50% Senior Notes due 2033		600,000			-
2025 Revolving Credit Facility		25,000			-
NDB Revolving Credit Facility		-			35,000
NDB Term Loan		-			573,562
Insurance financing notes		8,657			744
Asset financing notes		6,272			68
Total debt		1,464,929			609,374
Current portion of long-term debt		(12,546	)		(6,536	)
Unamortized debt issuance costs		(20,546	)		(16,421	)
Total long-term debt	$	1,431,837		$	586,417

Summary Of Debt Obligations Estimated Future Payments For Amount Outstanding

The following table summarizes our debt obligations as of December 31, 2025. Estimated future payments for the debt based on the amount outstanding are shown below:

	As of December 31,
		2026		2027		2028		2029		2030		Thereafter		Total
Notes		$	-	$	-	$	-	$	-	$	825,000	$	600,000	$	1,425,000
2025 Revolving Credit Facility			-		-		-		-		25,000		-		25,000
Insurance financing notes			8,657		-		-		-		-		-		8,657
Asset financing notes			3,889		1,829		554		-		-		-		6,272
Total debt		$	12,546	$	1,829	$	554	$	-	$	850,000	$	600,000	$	1,464,929

2025 Revolving Credit Facility

Debt Instrument [Line Items]

Schedule of Margin Ranges

The applicable margin on the interest rate, the commitment fees and the letter of credit fees are determined based on the Company’s leverage ratio. The applicable margin ranges are:

Term SOFR applicable margin	2.00% - 3.00%
Base Rate applicable margin	1.00% - 2.00%
Commitment fees	0.375% - 0.500%
Letter of credit fees	2.00% - 3.00%

NDB Revolving Credit Facility

Debt Instrument [Line Items]

Schedule of Margin Ranges

The applicable margin on the interest rate, the commitment fees and the letter of credit fees are determined based on the Company’s leverage ratio. The applicable margin ranges are:

Term SOFR applicable margin	2.00% - 3.00%
Base Rate applicable margin	1.00% - 2.00%
Commitment fees	0.375% - 0.500%
Letter of credit fees	2.00% - 3.00%

The weighted average interest rate on the total amount of borrowings under the NDB Revolving Credit Facility prior to its termination during the year end December 31, 2025, as of December 31, 2024, was 8.05%, and 8.67%, respectively.

SDB Revolving Credit Facility

Debt Instrument [Line Items]

Schedule of Margin Ranges

The applicable margin on the interest rate, the commitment fees and the letter of credit fees are determined based on the Company’s leverage ratio. The applicable margin ranges are:

Term SOFR applicable margin	2.00% - 3.00%
Base Rate applicable margin	1.00% - 2.00%
Commitment fees	0.375% - 0.500%
Letter of credit fees	2.00% - 3.00%

WBEF

Debt Instrument [Line Items]

Schedule of Debt

As of December 31, 2024 our debt consisted of the following:

	December 31, 2024
Term Loan B	$	1,147,125
Revolver		-
Insurance note		7,717
Asset financing notes		7,399
Total debt		1,162,241
Current portion of long-term debt		(22,585	)
Unamortized discount and debt issuance costs		(38,335	)
Total long-term debt	$	1,101,321

Schedule of Margin Ranges

The applicable margin ranges are:

Term SOFR applicable margin	2.50% - 3.75%
Base Rate applicable margin	1.50% - 2.75%
Commitment fees	0.375% - 0.500%
Letter of credit fees	2.50% - 3.75%

WBEF | Revolving Credit Facility

Debt Instrument [Line Items]

Summary of Amortization of Debt Issuance Costs and Interest Expense

Insurance Note

In 2024, the Company entered into promissory notes to finance insurance premium payments, totaling $10.4 million in aggregate principal, bearing interest at 7% annually, and maturing on August 1, 2025. The notes were payable in eleven monthly installments. As of December 31, 2024, the outstanding balance was $7.7 million.

Asset Financing Notes

In 2023, the Company entered into a Master Equipment Finance Loan and Security Agreement (the “Master Agreement”), under which it executed various secured promissory notes to finance vehicle purchases. The Master Agreement is an uncommitted credit facility, allowing but not obligating the lender to provide loans for vehicle acquisitions. Each loan and related promissory note is (a) secured by a first-priority lien on the financed vehicle(s) and (b) repaid in 36 equal monthly installments.