XML 39 R46.htm IDEA: XBRL DOCUMENT v3.20.1
Long-Term Debt, Net - Additional Information (Details)
3 Months Ended 6 Months Ended
Feb. 18, 2020
USD ($)
numberOfDays
Feb. 13, 2020
USD ($)
shares
Oct. 31, 2017
USD ($)
Mar. 31, 2020
USD ($)
$ / shares
Mar. 31, 2019
USD ($)
Mar. 31, 2020
USD ($)
$ / shares
Mar. 31, 2019
USD ($)
Sep. 30, 2019
USD ($)
Oct. 30, 2017
USD ($)
Debt Instrument [Line Items]                  
Proceeds from borrowings on exchangeable notes           $ 138,000,000 $ 0    
Equity component of exchangeable notes, net of issuance costs and deferred taxes       $ 27,569,000          
Debt issuance costs, net       5,677,000   5,677,000   $ 1,846,000  
Exchangeable notes, fair value       107,469,000   107,469,000      
Payments for note hedge transactions $ 28,676,000         28,676,000 0    
Proceeds from issuance of warrants           14,669,000 0    
Write off of unamortized debt issuance costs       141,000   141,000 0    
Debt issuance costs incurred       152,000   152,000      
Amortization of deferred debt issuance costs       172,000 $ 232,000 272,000 $ 465,000    
Debt issuance costs       4,245,000   $ 4,245,000      
Additional Paid-in Capital                  
Debt Instrument [Line Items]                  
Equity component of exchangeable notes, net of issuance costs and deferred taxes 28,662,000     $ 27,569,000          
Class A Common Stock                  
Debt Instrument [Line Items]                  
Exchangeable notes, exchange price per share (in USD per share) | $ / shares       $ 40.87   $ 40.87      
Proceeds from issuance of warrants   $ 14,669,000              
Warrants outstanding (shares) | shares   3,376,391              
Warrants sold in connection with the issuance of the Exchangeable notes (in USD per share) | $ / shares       $ 62.88   $ 62.88      
Term loans to bank under the Senior Secured Credit Facility | Secured Debt                  
Debt Instrument [Line Items]                  
Original principal amount                 $ 40,000,000
Senior Secured Credit Facility | Line of Credit                  
Debt Instrument [Line Items]                  
Revolving line of credit borrowing capacity                 $ 110,000,000
Quarterly principal payment     $ 1,250,000            
Senior Secured Credit Facility | Line of Credit | Minimum                  
Debt Instrument [Line Items]                  
Unused commitment fee (percent)     0.15%            
Senior Secured Credit Facility | Line of Credit | Maximum                  
Debt Instrument [Line Items]                  
Unused commitment fee (percent)     0.30%            
Senior Secured Credit Facility | Line of Credit | Prime Rate | Minimum                  
Debt Instrument [Line Items]                  
Basis spread on variable rate (percent)     0.50%            
Senior Secured Credit Facility | Line of Credit | Prime Rate | Maximum                  
Debt Instrument [Line Items]                  
Basis spread on variable rate (percent)     2.00%            
Senior Secured Credit Facility | Line of Credit | 30-day LIBOR | Minimum                  
Debt Instrument [Line Items]                  
Basis spread on variable rate (percent)     2.75%            
Senior Secured Credit Facility | Line of Credit | 30-day LIBOR | Maximum                  
Debt Instrument [Line Items]                  
Basis spread on variable rate (percent)     4.00%            
2020 Senior Secured Credit Facility | Line of Credit                  
Debt Instrument [Line Items]                  
Revolving line of credit borrowing capacity 275,000,000                
Optional addition to borrowing capacity 50,000,000                
Unused commitment fee (percent)           0.25%      
Remaining borrowing capacity       $ 256,000,000   $ 256,000,000      
Debt covenant, equity repurchase limit from employees, directors, officers or consultants $ 3,000,000                
Debt covenant, dividend or distribution limit as percent of net cash proceeds from additional common equity issuance (percent) 5.00%                
Debt covenant, minimum consolidated interest coverage ratio       3.00   3.00      
Debt covenant, maximum total leverage ratio       5.00   5.00      
Debt covenant, increase to maximum total leverage ratio during leverage increase period       0.25   0.25      
Debt covenant, maximum consolidated senior secured leverage ratio       3.25   3.25      
Debt covenant, increase to maximum consolidated senior secured leverage ratio during leverage increase period       0.25   0.25      
2020 Senior Secured Credit Facility | Line of Credit | Minimum                  
Debt Instrument [Line Items]                  
Unused commitment fee (percent) 0.15%                
2020 Senior Secured Credit Facility | Line of Credit | Maximum                  
Debt Instrument [Line Items]                  
Unused commitment fee (percent) 0.30%                
2020 Senior Secured Credit Facility | Line of Credit | Maximum | Letter of Credit                  
Debt Instrument [Line Items]                  
Unused commitment fee (percent) 3.25%                
2020 Senior Secured Credit Facility | Line of Credit | One, Two, Three or Six-month LIBOR                  
Debt Instrument [Line Items]                  
Basis spread on variable rate (percent)           2.75%      
2020 Senior Secured Credit Facility | Line of Credit | One, Two, Three or Six-month LIBOR | Minimum                  
Debt Instrument [Line Items]                  
Basis spread on variable rate (percent) 2.25%                
2020 Senior Secured Credit Facility | Line of Credit | One, Two, Three or Six-month LIBOR | Maximum                  
Debt Instrument [Line Items]                  
Basis spread on variable rate (percent) 3.25%                
2020 Senior Secured Credit Facility | Line of Credit | Federal Funds Rate                  
Debt Instrument [Line Items]                  
Basis spread on variable rate (percent) 0.50%                
2020 Senior Secured Credit Facility | Line of Credit | LIBOR plus 1%                  
Debt Instrument [Line Items]                  
Basis spread on variable rate (percent) 1.00%         0.75%      
2020 Senior Secured Credit Facility | Line of Credit | LIBOR plus 1% | Minimum                  
Debt Instrument [Line Items]                  
Basis spread on variable rate (percent) 0.25%                
2020 Senior Secured Credit Facility | Line of Credit | LIBOR plus 1% | Maximum                  
Debt Instrument [Line Items]                  
Basis spread on variable rate (percent) 1.25%                
1% Exchangeable Senior Notes due 2025 | Exchangeable Notes                  
Debt Instrument [Line Items]                  
Original principal amount $ 138,000,000                
Stated interest rate (percent) 1.00%                
Proceeds from borrowings on exchangeable notes $ 132,721,000                
Debt issuance costs, net       $ 4,113,000   $ 4,113,000      
Debt issuance costs incurred 5,279,000                
Amortization of deferred debt issuance costs       $ 70,000   $ 70,000      
Debt issuance costs 4,183,000                
1% Exchangeable Senior Notes due 2025 | Exchangeable Notes | Additional Paid-in Capital                  
Debt Instrument [Line Items]                  
Debt issuance costs $ 1,096,000                
1% Exchangeable Senior Notes due 2025 | Exchangeable Notes | Class A Common Stock                  
Debt Instrument [Line Items]                  
Exchangeable notes, exchange rate, shares per $1000 24.4666                
1% Exchangeable Senior Notes due 2025 | Exchangeable Notes | In Event of Fundamental Change                  
Debt Instrument [Line Items]                  
Repurchase price as percent of face value of notes (percent) 100.00%                
1% Exchangeable Senior Notes due 2025 | Exchangeable Notes | February 20, 2023 to 47th Scheduled Trading Day Immediately Preceding the Maturity Date                  
Debt Instrument [Line Items]                  
Repurchase price as percent of face value of notes (percent) 100.00%                
1% Exchangeable Senior Notes due 2025 | Exchangeable Notes | February 20, 2023 to 47th Scheduled Trading Day Immediately Preceding the Maturity Date | Class A Common Stock                  
Debt Instrument [Line Items]                  
Threshold exchange price as percent of closing price per share to allow redemption (percent) 130.00%                
Threshold trading days closing price for stock must exceed exchange price | numberOfDays 20