v3.26.3
DEBT (Tables)
 9 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Short-term Debt Obligations
At September 30, 2026 and December 31, 2025, our short-term obligations, revolving credit facility and overdrafts consisted of the following:
September 30,
2026		December 31,
2025
Short-term obligations 2.48% (1)
$31,780 $31,314 
Revolving credit facility 3.84% (1)
197,245 152,633 
Overdraft 6.73% (1)
415 — 
$229,440 $183,947 
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(1)The rate represents the weighted-average interest rate as of September 30, 2026.
Schedule of Long-term Obligations
At September 30, 2026 and December 31, 2025, our long-term obligations consisted of the following:
September 30, 2026December 31, 2025
Notes payable 4.18%, due in monthly and annual installments through 2035 (1)
$15,404 $17,051 
Senior unsecured notes 3.60%, due in 2026
— 125,000 
Term loan 5.30% floating, due in 2027
116,200 141,100 
Senior unsecured notes 4.75%, due in 2031, net of discount of $0.4 million
599,582 599,512 
Senior unsecured notes 3.60%, due in 2032, net of discount of $0.6 million
399,439 399,361 
Finance Lease Liabilities22,444 25,339 
Unamortized debt issuance costs(7,093)(8,346)
$1,145,976 $1,299,017 
Current maturities of long-term obligations(121,241)(159,584)
Total long-term obligations$1,024,735 $1,139,433 
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(1)The rate represents the weighted-average interest rate as of September 30, 2026.
Schedule of Maturities of Long-term Debt
The aggregate long-term maturities, excluding finance lease liabilities, which are discussed in Note 7, and unamortized debt issuance costs due annually from the current balance sheet date for the next five years and thereafter are:
Year One$118,213 
Year Two1,918 
Year Three2,192 
Year Four1,228 
Year Five599,582 
Thereafter407,492 
Schedule of Covenants on Revolving Credit Facility and Corporate Long-term Obligations
Our amended revolving credit facility and corporate long-term obligations require us to satisfy certain financial and other covenants including:
RequirementLevel at September 30, 2026
Consolidated Leverage Ratio (1)
Maximum of 3.50 to 1.00
1.49 to 1.00
Consolidated Interest Coverage Ratio (1)
Minimum of 3.00 to 1.00
12.02 to 1.00
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(1)Definitions of ratios are included as part of the revolving credit facility agreement.