Debt

6 Months Ended

Jun. 30, 2025

The components of long-term debt are as follows:


(in thousands)	June 30, 2025		December 31, 2024
Bank revolving credit facility	$	—		$	—
Term debt	213,112			220,475
Finance lease obligations	3			6
Total debt	213,115			220,481
Less current maturities	15,000			15,008
Total long-term debt	$	198,115		$	205,473

As of June 30, 2025, $2.7 million of the revolver capacity was committed to irrevocable standby letters of credit issued in the ordinary course of business as required by vendors' contracts, resulting in $397.3 million in available borrowings.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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+ Details