XML 240 R89.htm IDEA: XBRL DOCUMENT v3.25.0.1
Debt - Additional Information (Details)
12 Months Ended
Mar. 07, 2025
USD ($)
Aug. 15, 2024
USD ($)
D
$ / shares
shares
Mar. 08, 2024
USD ($)
Feb. 15, 2024
USD ($)
Mar. 21, 2023
USD ($)
Aug. 29, 2022
USD ($)
Dec. 31, 2024
USD ($)
Apr. 30, 2026
Dec. 31, 2025
Sep. 30, 2025
Mar. 06, 2025
USD ($)
Aug. 21, 2024
USD ($)
Mar. 07, 2024
USD ($)
Dec. 31, 2023
USD ($)
Debt                            
Debt finance costs           $ 2,400,000                
Short-term debt             $ 54,659,000             $ 43,694,000
Percentage of conversion price for conversion of convertible notes   130.00%                        
Number of trading days of certain fundamental change transactions that occur prior to close of business   35 days                        
Minimum liquidity covenant required             15,000,000              
Anti-Cash Hoarding Covenant Requirement Amount             20,000,000              
Threshold consecutive trading days immediately preceding calendar year | D   30                        
Threshold trading days of 30 consecutive trading days for calculating share price | D   20                        
Revolving credit facility                            
Debt                            
Debt finance costs           1,000,000                
Face amount           175,000,000                
Line of credit             $ 112,500,000              
Weighted average effective rate (as a percent)             8.60%              
Term Loan facility                            
Debt                            
Debt finance costs           1,300,000                
Face amount           175,000,000                
Variable rate (as a percent)             8.20%              
Periodic payment principal amount           $ 2,800,000                
Percentage of original principal amount           1.25%                
Term Loan facility | Year four                            
Debt                            
Periodic payment principal amount           $ 4,200,000                
Percentage of original principal amount           1.875%                
Term Loan facility | Year five                            
Debt                            
Periodic payment principal amount           $ 5,600,000                
Percentage of original principal amount           2.50%                
Standby letter of credit                            
Debt                            
Letters of credit outstanding             $ 2,600,000              
Delayed Draw Term Loan Facility                            
Debt                            
Face amount             $ 50,000,000              
Variable rate (as a percent)             9.20%              
Minimum | Subsequent Events                            
Debt                            
Interest coverage ratio                 2 1.5        
Net Leverage Ratio               4.5            
Maximum | Subsequent Events                            
Debt                            
Net Leverage Ratio               6.25            
Base rate | One Month Interest Period                            
Debt                            
Interest rate (as a percent)           1.00%                
Interest period           1 month                
SOFR | One Month Interest Period                            
Debt                            
Variable rate (as a percent)           0.10%                
Interest period           1 month                
SOFR | Three Month Interest Period                            
Debt                            
Variable rate (as a percent)           0.15%                
Interest period           3 months                
SOFR | Six Month Interest Period                            
Debt                            
Variable rate (as a percent)           0.25%                
Interest period           6 months                
SOFR | Minimum | After the covenant relief period                            
Debt                            
Variable rate (as a percent)       2.00%                    
SOFR | Minimum | During the covenant relief period                            
Debt                            
Net Leverage Ratio       3                    
SOFR | Maximum | After the covenant relief period                            
Debt                            
Variable rate (as a percent)       3.00%                    
SOFR | Maximum | During the covenant relief period                            
Debt                            
Net Leverage Ratio       4                    
ABR rate | Minimum | After the covenant relief period                            
Debt                            
Variable rate (as a percent)       1.00%                    
ABR rate | Minimum | During the covenant relief period                            
Debt                            
Variable rate (as a percent)       2.00%                    
ABR rate | Maximum | After the covenant relief period                            
Debt                            
Variable rate (as a percent)       2.00%                    
ABR rate | Maximum | During the covenant relief period                            
Debt                            
Variable rate (as a percent)       3.00%                    
NYFRB                            
Debt                            
Interest rate (as a percent)           0.50%                
New short-term trade finance facility                            
Debt                            
Face amount     $ 55,000,000   $ 70,000,000             $ 75,000,000 $ 70,000,000  
Variable rate (as a percent)         4.00%                  
Line of credit             $ 50,600,000              
Debt term     1 year   1 year                  
New short-term trade finance facility | Subsequent Events                            
Debt                            
Face amount $ 85,000,000                   $ 75,000,000      
Debt term 1 year                          
New short-term trade finance facility | SOFR                            
Debt                            
Variable rate (as a percent)     4.00%                      
New short-term trade finance facility | SOFR | Subsequent Events                            
Debt                            
Variable rate (as a percent) 4.00%                          
New short-term trade finance facility | SOFR one-month                            
Debt                            
Variable rate (as a percent)     1.00%   1.00%                  
New short-term trade finance facility | SOFR one-month | Subsequent Events                            
Debt                            
Variable rate (as a percent) 1.00%                          
New short-term trade finance facility | Federal Funds Rate                            
Debt                            
Variable rate (as a percent)     1.00%   0.50%                  
New short-term trade finance facility | Federal Funds Rate | Subsequent Events                            
Debt                            
Variable rate (as a percent) 1.00%                          
5.00% convertible senior notes due 2029                            
Debt                            
Interest rate (as a percent)       5.00%                    
Face amount   $ 1,000   $ 72,000,000                    
Debt converted into shares | shares   77.88                        
Percentage of shares issuable on outstanding common stock   19.99%                        
Conversion price | $ / shares   $ 12.84                        
5.00% convertible senior notes due 2029 | Related Party                            
Debt                            
Face amount       $ 50,000,000