DEBT (Tables)

9 Months Ended

Sep. 30, 2025

Debt Disclosure [Abstract]

Schedule of Long-term Debt Maximum Leverage Ratios

Under the terms of the June 2025 Amendment, the Company’s Consolidated Total Leverage Ratio (defined, as of any date of determination, as the ratio of (a) Consolidated Funded Indebtedness as of such date (as defined in the Senior Credit Facility) less cash that is not subject to any restriction on the use or investment thereof to (b) Consolidated EBITDA (as defined in the Senior Credit Facility)) for the period of four consecutive fiscal quarters ending on such date was modified to the following:

Fiscal Quarter Ending	Maximum Consolidated Total Leverage Ratio
June 30, 2025 through June 30, 2026	5.00 to 1.00
September 30, 2026	4.75 to 1.00
December 31, 2026	4.50 to 1.00
March 31, 2027 and the last day of each fiscal quarter thereafter	4.00 to 1.00

Schedule of Contractual Repayments of Long-Term Debt

Contractual repayments of the term loan component of the Senior Credit Facility are due as follows:

As of September 30, 2025	Principal Repayment
Dollars in thousands
Remainder of 2025	$	9,688
2026	38,750
2027	53,281
2028	634,531
	$	736,250

Schedule of Carrying Amounts and Estimated Fair Values of Debt Instruments

The carrying amounts and the estimated fair values of debt as of September 30, 2025 and December 31, 2024 are as follows:

		September 30, 2025				December 31, 2024
	Fair Value Measurement	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
Dollars in thousands
Senior credit facility - term loan	Level 2	$	736,250	$	733,980	$	760,469	$	751,143
Senior credit facility - revolving component	Level 2	1,015,000		1,011,573		365,000		360,144
2025 Notes	Level 1	—		—		575,000		555,594
Securitization	Level 2	83,500		82,046		108,100		105,831
Subtotal		$	1,834,750	$	1,827,599	$	1,808,569	$	1,772,712
Debt issuance costs		(3,649)				(5,476)
Total debt		$	1,831,101	$	1,827,599	$	1,803,093	$	1,772,712