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Long-Term Debt and Loan Agreements (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Long Term Debt

Long-term debt at December 31, 2024 and 2023 consisted of the following:

 

 

 

December 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Amended Loan Agreement - Revolving Credit Facility

 

$

 

 

$

20,000

 

Amended Loan Agreement - Term Loan A

 

 

382,000

 

 

 

 

5.25% Senior Unsecured Notes due January 15, 2024

 

 

 

 

 

11,000

 

5.30% Senior Unsecured Notes due January 15, 2024

 

 

 

 

 

15,000

 

5.45% Senior Unsecured Notes due January 15, 2026

 

 

 

 

 

12,000

 

 

 

 

382,000

 

 

 

58,000

 

Less unamortized deferred financing costs

 

 

7,041

 

 

 

13

 

 

 

 

374,959

 

 

 

57,987

 

Less current portion long-term debt

 

 

19,649

 

 

 

25,998

 

Long-term debt

 

$

355,310

 

 

$

31,989

 

Schedule of Debt Ratios The ratios as of and for the period ended December 31, 2024 are shown in the following table:

 

 

 

Required Level

 

Actual Level

 

Interest Coverage Ratio

 

3.00 to 1 (minimum)

 

 

4.20

 

Net Leverage Ratio

 

4.00 to 1 (maximum)

 

 

2.69