DEBT (Tables) |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Debt | Debt consisted of the following as of September 30, 2026 and December 31, 2025:
[1] The current portion of the Company’s debt is included in other current liabilities on the Condensed Consolidated Balance Sheets.
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| Schedule of Company’s Debt Outstanding | The Company’s remaining debt outstanding as of September 30, 2026 matures as follows:
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| Schedule of Material Interest Rate Terms | The following table summarizes the material interest rate terms applicable to borrowings under the Credit Agreement. Borrowings bear interest at either a benchmark rate or an alternate base rate, in each case plus the applicable rate. Applicable rates are subject to a potential reduction of 0.25% if the Company achieves certain public corporate or corporate family ratings on an ongoing basis:
[1] Bear interest at the benchmark rate, including Term Secured Overnight Financing Rate or, in the case of certain foreign currency borrowings, Euro Interbank Offered Rate, plus the applicable rate shown above. [2] Bear interest at the alternate base rate, plus the applicable rate shown above. The alternate base rate is defined as the highest of (i) the U.S. prime rate, (ii) the federal funds rate plus 0.50%, (iii) the Benchmark Rate for an interest period of one month plus 1.00% and (iv) 1.00%. [3] The commitment fee is payable on the unused portion of the Revolving Credit Facility.
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