v3.26.1
Debt
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Debt Disclosure DEBT
Long-term debt at the balance sheet dates consisted of:
March 31, 2026December 31, 2025
Interest Rate at March 31, 2026PrincipalUnamortized Debt CostsTotalPrincipalUnamortized Debt CostsTotal
2020 Notes, maturing 2028, fixed interest rate4.75%$275.0 $(1.2)$273.8 $275.0 $(1.3)$273.7 
ABL Credit Agreement (revolving loan), maturing 2027, variable interest rate5.0%79.0 — 79.0 64.0 — 64.0 
Finance leases8.3 — 8.3 8.4 — 8.4 
Total debt362.3 (1.2)361.1 347.4 (1.3)346.1 
Less: current portion(0.6)— (0.6)(0.6)— (0.6)
Net long-term portion$361.7 $(1.2)$360.5 $346.8 $(1.3)$345.5 
ABL CREDIT AGREEMENT
Our ABL Credit Agreement matures on November 7, 2027. The revolving loan commitment under the ABL Credit Agreement is $375.0 million, subject to borrowing base limitations based on a percentage of applicable eligible receivables and eligible inventory. As of March 31, 2026, our eligible receivables and inventory supported up to $213.3 million availability under the line, of which we utilized $82.5 million, consisting of $79.0 million borrowings outstanding and $3.5 million to issue letters of credit. Borrowings under the ABL Credit Agreement are also subject to mandatory prepayment in certain circumstances, including in the event that borrowings exceed applicable borrowing base limits.
We may, at our option, prepay any borrowings under the ABL Credit Agreement, in whole or in part, at any time and from time to time without premium or penalty (except in certain circumstances). We may also increase the revolving commitments under the ABL Credit Agreement in an aggregate amount of up to $100 million, subject to obtaining commitments from any participating lenders and certain other conditions.