XML 58 R46.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Debt - Narrative (Details)
1 Months Ended 3 Months Ended
Mar. 31, 2024
USD ($)
Mar. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Feb. 28, 2023
USD ($)
Jul. 25, 2022
USD ($)
Aug. 21, 2018
USD ($)
Long-term Debt            
Debt outstanding $ 0 $ 0 $ 0      
Letters of credit outstanding $ 1,100,000 $ 1,100,000        
Applicable margin rate 0.71513%          
Secured Debt | Amended ABL Credit Facility            
Long-term Debt            
Face amount       $ 125,000,000    
ABL Credit Facility | Line of Credit | Amended ABL Credit Facility            
Long-term Debt            
Borrowing capacity       225,000,000    
ABL Credit Facility | Line of Credit | The Credit Facility            
Long-term Debt            
Debt gross       30,000,000    
Secured Debt | Line of Credit | The Credit Facility            
Long-term Debt            
Debt gross       125,000,000    
Letters of credit | Line of Credit | Amended ABL Credit Facility            
Long-term Debt            
Borrowing capacity       20,000,000    
Cactus LLC | Line of Credit            
Long-term Debt            
Borrowing capacity         $ 15,000,000  
Cactus LLC | ABL Credit Facility | Line of Credit            
Long-term Debt            
Term           5 years
Borrowing capacity         $ 80,000,000 $ 75,000,000
Additional commitments       50,000,000    
Maximum borrowing capacity       $ 275,000,000    
Subsidiaries | ABL Credit Facility            
Long-term Debt            
Fixed charge coverage ratio   1.00        
Subsidiaries | ABL Credit Facility | Base Rate            
Long-term Debt            
Applicable margin rate   2.50%        
Subsidiaries | ABL Credit Facility | Secured Overnight Financing Rate            
Long-term Debt            
Applicable margin rate   3.50%        
Subsidiaries | ABL Credit Facility | Minimum            
Long-term Debt            
Commitment fee   0.25%        
Subsidiaries | ABL Credit Facility | Minimum | Base Rate            
Long-term Debt            
Applicable margin rate   0.00%        
Subsidiaries | ABL Credit Facility | Minimum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate            
Long-term Debt            
Applicable margin rate   1.25%        
Subsidiaries | ABL Credit Facility | Maximum | Base Rate            
Long-term Debt            
Applicable margin rate   0.50%        
Subsidiaries | ABL Credit Facility | Maximum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate            
Long-term Debt            
Applicable margin rate   1.75%        
Subsidiaries | ABL Credit Facility | Line of Credit | Credit Agreement            
Long-term Debt            
Leverage ratio 2.50 2.50