CREDIT ARRANGEMENTS AND DEBT OBLIGATIONS (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Debt Disclosure [Abstract] |
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| Schedule of Outstanding Borrowings |
Long-term debt obligations were as follows: | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | | | | | (In thousands) | | Term loan B | $ | 450,000 | | | $ | 450,000 | | | Term loan A | 375,000 | | | — | | | Revolving credit facility | 465,953 | | | 499,552 | | | Deferred financing costs and original issue discount | (3,567) | | | (2,386) | | | Total debt | 1,287,386 | | | 947,166 | | | Less current portion of term loans | (9,375) | | | — | | | Less current portion of revolving credit facility | (205,953) | | | (199,552) | | | Long-term debt | $ | 1,072,058 | | | $ | 747,614 | |
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| Schedule of Maturities of Long-Term Debt |
As of June 30, 2026, future principal payments of long-term debt are as follows for the years ending December 31: | | | | | | | Long-term debt | | | | (In thousands) | | Remainder of 2026 | $ | 4,688 | | | 2027 | 9,375 | | | 2028 | 14,062 | | | 2029 | 18,750 | | | 2030 | 328,125 | | | Thereafter | 450,000 | | | Total future principal payments | $ | 825,000 | |
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| Schedule of Fair Value of Derivative Financial Instruments |
The fair value of the derivative financial instruments was as follows for the periods presented: | | | | | | | | | | | | | | | | | | | | | | Derivative financial instruments | | Consolidated balance sheet classification | | June 30, 2026 | | December 31, 2025 | | | | | | | | | | | | (In thousands) | | Interest rate caps - asset | | Prepaid and other current assets | | $ | 1,085 | | | $ | 1,763 | | | Interest rate caps - asset | | Other assets | | $ | 3,023 | | | $ | 423 | |
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| Schedule of Effect of Derivatives Financial Instruments on Other Comprehensive Income (Loss) |
The effect of the derivative financial instruments on other comprehensive income (loss) was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Derivatives designated as cash flow hedging instruments | | Amount of gain (loss) recognized in other comprehensive income (loss) | | Consolidated statement of income classification | | Amount of net gain (loss) reclassified into earnings | | Total effect on other comprehensive income (loss) | | | | | | | | | | | | (In thousands) | | | | (In thousands) | | Three months ended June 30, 2026 | | | | | | | | Cash flow hedges | | $ | 913 | | | Interest expense — net | | $ | 181 | | | $ | 732 | | | Income tax effect | | (239) | | | Income tax expense | | (47) | | | (192) | | | Net of income taxes | | $ | 674 | | | | | $ | 134 | | | $ | 540 | | | | | | | | | | | | Three months ended June 30, 2025 | | | | | | | | Cash flow hedges | | $ | 237 | | | Interest expense — net | | $ | 3,202 | | | $ | (2,965) | | | Income tax effect | | (63) | | | Income tax expense | | (854) | | | 791 | | | Net of income taxes | | $ | 174 | | | | | $ | 2,348 | | | $ | (2,174) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Derivatives designated as cash flow hedging instruments | | Amount of gain (loss) recognized in other comprehensive income (loss) | | Consolidated statement of income classification | | Amount of net gain (loss) reclassified into earnings | | Total effect on other comprehensive income (loss) | | | | | | | | | | | | (In thousands) | | | | (In thousands) | | Six months ended June 30, 2026 | | | | | | | | Cash flow hedges | | $ | 2,707 | | | Interest expense — net | | $ | 401 | | | $ | 2,306 | | | Income tax effect | | (709) | | | Income tax expense | | (105) | | | (604) | | | Net of income taxes | | $ | 1,998 | | | | | $ | 296 | | | $ | 1,702 | | | | | | | | | | | | Six months ended June 30, 2025 | | | | | | | | Cash flow hedges | | $ | (666) | | | Interest expense — net | | $ | 6,409 | | | $ | (7,075) | | | Income tax effect | | 178 | | | Income tax expense | | (1,711) | | | 1,889 | | | Net of income taxes | | $ | (488) | | | | | $ | 4,698 | | | $ | (5,186) | |
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