XML 54 R42.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Long-Term Debt and Credit Facilities : Senior Secured Term Loan,Second Lien Note (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Feb. 12, 2024
USD ($)
Jul. 11, 2023
USD ($)
installment
loan
Jun. 10, 2023
USD ($)
installment
Feb. 27, 2023
USD ($)
Mar. 31, 2024
USD ($)
Mar. 31, 2023
USD ($)
Dec. 31, 2023
USD ($)
Jul. 15, 2024
USD ($)
May 15, 2024
USD ($)
Jan. 12, 2024
USD ($)
Jul. 15, 2023
USD ($)
Dec. 31, 2022
USD ($)
Mar. 31, 2022
USD ($)
Dec. 07, 2021
USD ($)
Nov. 17, 2021
USD ($)
Long-Term Debt and Credit Facilities.                              
Total debt         $ 1,070,997   $ 1,060,609                
CODI             780,000                
Taxable income from CODI             54,000                
CODI excluded from taxable income             726,000                
Elimination of net operating losses from CODI             $ 624,000                
Cash paid for debt repurchases           $ (3,633)                  
Debt modification and extinguishment costs (gain)           8,773                  
Minimum business days elect to have interest on all or a portion of the loans be charged   3 days                          
Legal fee         193 $ 6,308                  
Accrued liability for true-up obligation         1,000                    
BR Exar, LLC                              
Long-Term Debt and Credit Facilities.                              
Total debt                 $ 1,700            
BR Exar, LLC | First RPA                              
Long-Term Debt and Credit Facilities.                              
Agreed to sell receivables upon collection of minimum amount $ 16,400                            
BR Exar, LLC | Second RPA                              
Long-Term Debt and Credit Facilities.                              
Legal fee 200                            
BR Exar AR Facility                              
Long-Term Debt and Credit Facilities.                              
Total debt         3,761                    
Outstanding borrowings under the facility         4,200                    
Debt discount         400                    
BR Exar AR Facility | First RPA                              
Long-Term Debt and Credit Facilities.                              
Agreed to sell receivables upon collection of minimum amount 12,200                            
BR receivables purchase agreement                              
Long-Term Debt and Credit Facilities.                              
Legal fee 200                            
Proceeds from the sale of receivables 14,700                            
Debt discount $ 1,500                            
Second Lien Secured Term Loan                              
Long-Term Debt and Credit Facilities.                              
Outstanding borrowings under the facility         $ 31,500                    
Reference Rate Loan                              
Long-Term Debt and Credit Facilities.                              
Applicable margin rate   4.00%                          
Senior Secured Notes Due2023 Member                              
Long-Term Debt and Credit Facilities.                              
Interest rate (in percent)           10.00%                  
Write off of previously recognized debt issuance costs           $ 100                  
2026 notes                              
Long-Term Debt and Credit Facilities.                              
Debt instrument face amount exchanged   $ 956,000                          
July 2026 Notes                              
Long-Term Debt and Credit Facilities.                              
Total debt                     $ 24,000 $ 980,000      
Interest rate (in percent)   11.50%     11.50%             11.50%      
Debt instrument, redemption price percentage         100.00%                    
Debt instrument face amount exchanged   $ 956,000                          
April 2026 Notes                              
Long-Term Debt and Credit Facilities.                              
Debt instrument face amount exchanged   764,800                          
Amount of premium recorded   142,300                          
Senior Secured April 2026 Notes                              
Long-Term Debt and Credit Facilities.                              
Total debt         $ 835,300                    
Amount of facility   767,800           $ 23,300     $ 44,100        
Debt instrument face amount exchanged   $ 3,000                          
April 2026 Notes 11.500% First-Priority Senior Secured Notes Due April 2026                              
Long-Term Debt and Credit Facilities.                              
Interest rate (in percent)   11.50%                          
Debt instrument, redemption price percentage   101.00%                          
Amount of minimum unrestricted cash remaining after the interest payment   $ 15,000                          
Redemption Price   100.00%                          
Senior Secured Term Loan                              
Long-Term Debt and Credit Facilities.                              
Interest rate (in percent)   10.39%                          
Amount of facility   $ 40,000               $ 1,000          
Number of installments | installment   10                          
Monthly installments   $ 500                          
Adjustment rate on variable rate (in percent)   1.00%                          
Number of business days prior to the first day of interest period considered for calculation of interest rate   2 days                          
Period considered for calculation of interest rate   3 months                          
Maximum number of loans in effect at any given time | loan   5                          
Minimum amount of loan may exercise   $ 500,000                          
Integral multiples of loan for exercise of loan   100,000                          
Outstanding borrowings under the facility   $ 35,500     40,500                    
Senior Secured Term Loan | Federal funds                              
Long-Term Debt and Credit Facilities.                              
Applicable margin rate   0.50%                          
Senior Secured Term Loan | SOFR                              
Long-Term Debt and Credit Facilities.                              
Interest rate (in percent)   11.39%                          
Adjustment rate on variable rate (in percent)   0.26161%                          
Deemed rate, if rate less than 4.00%   4.00%                          
New Notes issued as consideration for the private exchange of 2023 Term Loans                              
Long-Term Debt and Credit Facilities.                              
Amount of facility   $ 764,800                          
Public exchange offer per $1,000 of principal amount   800                          
Debt instrument, exchange equivalent per principal amount denominator   $ 1,000                          
BRCC Facility                              
Long-Term Debt and Credit Facilities.                              
Interest rate (in percent)                             11.50%
Amount of facility                           $ 115,000 $ 75,000
Maximum borrowing capacity       $ 35,000                 $ 51,000    
Default rate (in percent)                             13.50%
Debt instrument, repayment made in cash         6,000                    
Transaction fee       5,000                      
Borrowings under revolving facility       $ 9,600                      
BRCC Facility | SOFR                              
Long-Term Debt and Credit Facilities.                              
Applicable margin rate       7.50%                      
BR EXAR                              
Long-Term Debt and Credit Facilities.                              
Borrowings under revolving facility         14,914 10,000                  
BRCC Revolver                              
Long-Term Debt and Credit Facilities.                              
Total debt     $ 3,900   $ 13,900                    
Number of installments | installment     5                        
Monthly installments     $ 2,000                        
Exchange Notes                              
Long-Term Debt and Credit Facilities.                              
Repurchase of principal amount           13,400                  
Cash paid for debt repurchases           4,200                  
Debt modification and extinguishment costs (gain)           $ 9,800