DEBT (Tables)

3 Months Ended

Mar. 31, 2026

Debt And Derivatives Disclosure [Abstract]

A summary of debt is as follows:


	March 31, 2026		December 31, 2025
Senior Secured Credit Facility:
Term loan A facility (“Term Loan Facility”) payable quarterly beginning in the fiscal year ended December 31, 2027 with balance due September 2029; bearing interest at 5.218% as of March 31, 2026	$	800,000	$	800,000


Revolving Credit Facility due September 2029; bearing interest at term secured overnight financing rate (“Term SOFR”) plus 1.550%	—		—

Tax-Exempt Bonds:
New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2014 (“New York Bonds 2014R-1”) due December 2044 - fixed rate interest period bearing interest at 2.875% through December 2029	25,000		25,000
New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2014R-2 (“New York Bonds 2014R-2”) due December 2044 - fixed rate interest period bearing interest at 3.125% through May 2026	15,000		15,000
New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2020 (“New York Bonds 2020”) due September 2050 - fixed rate interest period bearing interest at 4.250% through September 2030	37,500		37,500
New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2020R-2 (“New York Bonds 2020R-2”) due September 2050 - fixed rate interest period bearing interest at 5.125% through September 2030	35,000		35,000



Finance Authority of Maine Solid Waste Disposal Revenue Bonds Series 2015R-3 (“FAME Bonds 2015R-3”) due August 2035 - fixed rate interest period bearing interest at 5.000% through August 2035	29,000		29,000
Finance Authority of Maine Solid Waste Disposal Revenue Bonds Series 2024 (“FAME Bonds 2024”) due December 2047 - fixed rate interest period bearing interest at 4.625% through May 2035	45,000		45,000
Vermont Economic Development Authority Solid Waste Disposal Long-Term Revenue Bonds Series 2013 (“Vermont Bonds 2013”) due April 2036 - fixed rate interest period bearing interest at 4.625% through April 2028	16,000		16,000
Vermont Economic Development Authority Solid Waste Disposal Long-Term Revenue Bonds Series 2022A-1 (“Vermont Bonds 2022A-1”) due June 2052 - fixed rate interest period bearing interest at 5.000% through May 2027	35,000		35,000
Vermont Economic Development Authority Solid Waste Disposal Revenue Bonds Series 2022A-2 (“Vermont Bonds 2022A-2”) due June 2052 - fixed rate interest period bearing interest at 4.375% through May 2032	25,000		25,000
Business Finance Authority of the State of New Hampshire Solid Waste Disposal Revenue Bonds Series 2013 (“New Hampshire Bonds”) due April 2029 - fixed rate interest period bearing interest at 2.950% through April 2029	11,000		11,000
Other:
Finance leases maturing through December 2107; bearing interest at a weighted average of 4.708% as of March 31, 2026	89,969		94,035
Notes payable with no stated interest rate maturing through September 2028	1,097		1,097
Principal amount of debt	1,164,566		1,168,632
Less—unamortized debt issuance costs	13,223		13,970
Debt less unamortized debt issuance costs	1,151,343		1,154,662
Less—current maturities of debt	24,588		25,735
	$	1,126,755	$	1,128,927

The Credit Facility shall bear interest, at our election, at Term SOFR or at a base rate, in each case plus or minus any sustainable rate adjustment of up to positive or negative 4.0 basis points per annum, plus an applicable interest rate margin based upon our consolidated net leverage ratio as follows:

Term SOFR Loans

Base Rate Loans

Credit Facility

1.300% to 2.175%

0.300% to 1.175%

Schedule of Cash and Cash Equivalents

Beginning of period and end of period cash, cash equivalents and restricted cash - non-current presented in the consolidated statements of cash flows is reconciled as follows:


	March 31, 2026		December 31, 2025
Cash and cash equivalents	$	126,903	$	123,773
Restricted cash - non-current	—		93,086

Cash, cash equivalents and restricted cash - non-current	$	126,903	$	216,859

Schedule of Restricted Cash

Beginning of period and end of period cash, cash equivalents and restricted cash - non-current presented in the consolidated statements of cash flows is reconciled as follows:


	March 31, 2026		December 31, 2025
Cash and cash equivalents	$	126,903	$	123,773
Restricted cash - non-current	—		93,086

Cash, cash equivalents and restricted cash - non-current	$	126,903	$	216,859

Schedule of Cash Flow Hedges

A summary of the effect of cash flow hedges related to derivative instruments on the consolidated balance sheets follows:


		Fair Value
	Balance Sheet Location	March 31, 2026		December 31, 2025
Interest rate swaps	Other current assets	$	2,133	$	2,081
Interest rate swaps	Other non-current assets	931		835
		$	3,064	$	2,916

Interest rate swaps	Other accrued liabilities	$	2,228	$	3,073
Interest rate swaps	Other long-term liabilities	3,114		5,348
		$	5,342	$	8,421

Interest rate swaps	Accumulated other comprehensive loss, net of tax	$	(2,278)	$	(5,505)
Interest rate swaps - tax effect	Accumulated other comprehensive loss, net of tax	582		1,550
		$	(1,696)	$	(3,955)