XML 69 R60.htm IDEA: XBRL DOCUMENT v3.23.1
Long-Term Debt, Net, and Other Borrowings - Narrative (Details)
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Dec. 08, 2022
USD ($)
$ / shares
Dec. 05, 2022
Dec. 31, 2022
USD ($)
Dec. 31, 2022
USD ($)
Mar. 31, 2023
USD ($)
financial_covenant
Sep. 30, 2022
USD ($)
Dec. 31, 2022
USD ($)
Debt Instrument [Line Items]              
Number of covenants | financial_covenant         2    
Minimum interest coverage ratio     3.00 3.00     3.00
Convertible Debt              
Debt Instrument [Line Items]              
Extinguishment of debt $ 75,000,000            
2.625% Convertible Senior Notes due 2027 | Convertible Debt              
Debt Instrument [Line Items]              
Debt instrument face amount $ 575,000,000            
Interest rate 2.625%            
Proceeds from convertible debt $ 557,800,000            
Initial conversion price (in dollars per share) | $ / shares $ 79.81            
Share price (in dollars per share) | $ / shares $ 56.01            
Initial conversion premium 42.50%            
Debt instrument, stock price percentage 130.00%            
Purchase price as a percentage of principal amount 100.00%            
Total         $ 575,000,000    
Debt instrument, fair value         575,000,000    
Interest expense, debt         $ 3,900,000    
Conversion ratio   0.0125291   0.0178539      
Minimum | 2.625% Convertible Senior Notes due 2027 | Convertible Debt              
Debt Instrument [Line Items]              
Debt instrument, covenant percentage of additional interest         0.25%    
Maximum | 2.625% Convertible Senior Notes due 2027 | Convertible Debt              
Debt Instrument [Line Items]              
Debt instrument, covenant percentage of additional interest         0.50%    
2019 Term Loan Facility | Line of Credit              
Debt Instrument [Line Items]              
Line of credit facility, maximum borrowing capacity     $ 200,000,000 $ 200,000,000     $ 200,000,000
Debt instrument term             5 years
Repayments of debt     167,600,000     $ 7,800,000  
Gain on extinguishment of debt             $ 600,000
Deferred financing cost     2,700,000 2,700,000     2,700,000
2019 Revolving Facility | Line of Credit              
Debt Instrument [Line Items]              
Line of credit facility, maximum borrowing capacity     200,000,000 200,000,000     $ 200,000,000
Debt instrument term             5 years
2022 Term Facility | Line of Credit              
Debt Instrument [Line Items]              
Line of credit facility, maximum borrowing capacity     100,000,000 100,000,000     $ 100,000,000
Line of credit facility, commitment fee percentage         0.20%    
Revolving Credit Facility | Line of Credit              
Debt Instrument [Line Items]              
Line of credit facility, maximum borrowing capacity     $ 350,000,000 $ 350,000,000     $ 350,000,000
Debt instrument term             5 years
Outstanding borrowings         $ 0    
Revolving Credit Facility | Minimum | SOFR | Line of Credit              
Debt Instrument [Line Items]              
Debt instrument, basis rate         1.50%    
Revolving Credit Facility | Minimum | Base Rate | Line of Credit              
Debt Instrument [Line Items]              
Debt instrument, basis rate         0.50%    
Revolving Credit Facility | Minimum | Net Leverage Ratio | Line of Credit              
Debt Instrument [Line Items]              
Line of credit facility, unused capacity, commitment fee percentage         0.15%    
Revolving Credit Facility | Maximum | Line of Credit              
Debt Instrument [Line Items]              
Line of credit facility, maximum borrowing capacity         $ 350,000,000    
Line of credit facility, accordion feature, higher borrowing capacity option         $ 335,000,000    
Revolving Credit Facility | Maximum | SOFR | Line of Credit              
Debt Instrument [Line Items]              
Debt instrument, basis rate         2.50%    
Revolving Credit Facility | Maximum | Base Rate | Line of Credit              
Debt Instrument [Line Items]              
Debt instrument, basis rate         1.50%    
Revolving Credit Facility | Maximum | Net Leverage Ratio | Line of Credit              
Debt Instrument [Line Items]              
Line of credit facility, unused capacity, commitment fee percentage         0.35%    
Letter of Credit | Line of Credit              
Debt Instrument [Line Items]              
Line of credit facility, maximum borrowing capacity         $ 20,000,000    
Bridge Loan | Line of Credit              
Debt Instrument [Line Items]              
Line of credit facility, maximum borrowing capacity         $ 10,000,000