XML 59 R46.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Debt and Financing Arrangements (Details)
$ in Thousands
3 Months Ended
Feb. 16, 2024
shares
Feb. 08, 2024
USD ($)
Aug. 03, 2022
USD ($)
Jul. 29, 2021
USD ($)
M
Nov. 03, 2020
USD ($)
Jul. 02, 2020
USD ($)
Mar. 31, 2024
USD ($)
shares
Mar. 31, 2023
USD ($)
Dec. 31, 2023
USD ($)
Aug. 02, 2022
USD ($)
Mar. 04, 2021
USD ($)
Debt Instrument [Line Items]                      
Payments on term loan             $ 3,502 $ 750      
Receipt of shares from the exercise of capped call | shares 315,721           315,721        
Proceeds from issuance of debt             $ 20,000        
Restricted cash             1,100 $ 1,100 $ 1,100    
Debt financing costs   $ 1,500         1,500        
Outstanding debt             143,300   $ 140,595    
New Term Loan Debt Facility | Secured Debt                      
Debt Instrument [Line Items]                      
Term loan, face value   20,000                  
Amortization payments   $ 3,300                  
Term loan due 2025                      
Debt Instrument [Line Items]                      
Term loan, face value             20,000        
Total net leverage   2.00                  
Term of financial maintenance covenants, maximum total net leverage ratio   12 months                  
Maximum consolidated EBITDA to consolidated interest expense ratio   3.50                  
Term of financial maintenance covenants on consolidated EBITDA   12 months                  
Customary mandatory prepayment events   100.00%                  
Term loan due 2025 | Minimum                      
Debt Instrument [Line Items]                      
Financial maintenance covenant for liquidity   $ 100,000                  
Term loan due 2025 | SOFR                      
Debt Instrument [Line Items]                      
Applicable margin on interest rate   3.00%                  
Adjustment to basis spread on variable rate   10.00%                  
Floor, basis spread on variable rate   0.00%                  
Term loan due 2025 | Base Rate                      
Debt Instrument [Line Items]                      
Applicable margin on interest rate   2.00%                  
Term loan due 2024                      
Debt Instrument [Line Items]                      
Payments on term loan   $ 3,500                  
Accounts Receivable Securitization Facility | Line of Credit | Secured Debt                      
Debt Instrument [Line Items]                      
Current borrowing capacity             98,100        
Letters of credit outstanding             51,900        
Accounts Receivable Securitization Facility | Regions Bank | Line of Credit | Secured Debt                      
Debt Instrument [Line Items]                      
Current borrowing capacity     $ 150,000             $ 110,000  
Inventory-Based Revolving Credit Facility                      
Debt Instrument [Line Items]                      
Covenant amount             23,800        
Inventory-Based Revolving Credit Facility | Regions Bank | Line of Credit | Secured Debt                      
Debt Instrument [Line Items]                      
Term loan, face value     $ 50,000                
Letters of credit outstanding             26,200        
Borrowing base percentage, coal inventory     85                
Borrowing base percentage, parts and supplies inventory     85                
Borrowing base, percentage of clause     35                
Percent of eligible cash     100.00%                
Covenant amount     $ 100,000                
Equipment financing arrangement | Secured Debt                      
Debt Instrument [Line Items]                      
Term loan, face value       $ 23,500              
Number of monthly payments | M       42              
Interest rate       7.35%              
Tax Exempt Bonds                      
Debt Instrument [Line Items]                      
Term loan, face value             98,100        
Series 2020 Tax Exempt Bonds                      
Debt Instrument [Line Items]                      
Term loan, face value           $ 53,100          
Interest rate           5.00%          
Mandatory tender percentage           100.00%          
Series 2021 Tax Exempt Bonds                      
Debt Instrument [Line Items]                      
Term loan, face value                     $ 45,000
Interest rate                     4.125%
Convertible Notes                      
Debt Instrument [Line Items]                      
Term loan, face value         $ 155,300            
Interest rate         5.25%            
Net proceeds of convertible debt         $ 132,700            
Principal amount of convertible notes             13,200        
Cash on convertible notes             58,400        
Deferred Offering Costs         5,100            
Loss on debt conversion             $ 1,100        
Capped Call Transactions                      
Debt Instrument [Line Items]                      
Capped call, transaction cost         $ 17,500