CREDIT ARRANGEMENTS AND DEBT OBLIGATIONS (Tables)
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9 Months Ended |
Sep. 30, 2026 |
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| Debt Disclosure [Abstract] |
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| Schedule of Outstanding Borrowings |
Long-term debt obligations were as follows: | | | | | | | | | | | | | September 30, 2026 | | December 31, 2025 | | | | | | (In thousands) | | Term loan B | $ | 450,000 | | | $ | 450,000 | | | Term loan A | 372,656 | | | — | | | Revolving credit facility | 543,087 | | | 499,552 | | | Deferred financing costs and original issue discount | (3,389) | | | (2,386) | | | Total debt | 1,362,354 | | | 947,166 | | | Less current portion of term loans | (9,375) | | | — | | | Less current portion of revolving credit facility | (283,087) | | | (199,552) | | | Long-term debt | $ | 1,069,892 | | | $ | 747,614 | |
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| Schedule of Maturities of Long-Term Debt |
As of September 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 | $ | 2,344 | | | 2027 | 9,375 | | | 2028 | 14,062 | | | 2029 | 18,750 | | | 2030 | 328,125 | | | Thereafter | 450,000 | | | Total future principal payments | $ | 822,656 | |
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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 | | September 30, 2026 | | December 31, 2025 | | | | | | | | | | | | (In thousands) | | Interest rate caps - asset | | Prepaid and other current assets | | $ | 305 | | | $ | 1,763 | | | Interest rate caps - asset | | Other assets | | $ | 4,212 | | | $ | 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 September 30, 2026 | | | | | | | | Cash flow hedges | | $ | 1,237 | | | Interest expense — net | | $ | 234 | | | $ | 1,003 | | | Income tax effect | | (323) | | | Income tax expense | | (61) | | | (262) | | | Net of income taxes | | $ | 914 | | | | | $ | 173 | | | $ | 741 | | | | | | | | | | | | Three months ended September 30, 2025 | | | | | | | | Cash flow hedges | | $ | (397) | | | Interest expense — net | | $ | 3,224 | | | $ | (3,621) | | | Income tax effect | | 106 | | | Income tax expense | | (861) | | | 967 | | | Net of income taxes | | $ | (291) | | | | | $ | 2,363 | | | $ | (2,654) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 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) | | Nine months ended September 30, 2026 | | | | | | | | Cash flow hedges | | $ | 3,944 | | | Interest expense — net | | $ | 635 | | | $ | 3,309 | | | Income tax effect | | (1,032) | | | Income tax expense | | (166) | | | (866) | | | Net of income taxes | | $ | 2,912 | | | | | $ | 469 | | | $ | 2,443 | | | | | | | | | | | | Nine months ended September 30, 2025 | | | | | | | | Cash flow hedges | | $ | (1,063) | | | Interest expense — net | | $ | 9,633 | | | $ | (10,696) | | | Income tax effect | | 284 | | | Income tax expense | | (2,572) | | | 2,856 | | | Net of income taxes | | $ | (779) | | | | | $ | 7,061 | | | $ | (7,840) | |
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