XML 116 R77.htm IDEA: XBRL DOCUMENT v3.25.0.1
Debt - Senior Secured Credit Facility Narrative (Details) - USD ($)
12 Months Ended
Feb. 23, 2021
Oct. 14, 2020
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Jan. 07, 2022
Feb. 26, 2021
Short-term Debt [Line Items]              
Long-term debt, balance     $ 692,917,000 $ 703,064,000      
Unamortized discount and issuance costs, total     (15,633,000) (20,644,000)   $ (1,300,000)  
Amortization of debt discount and issuance costs     6,087,000 10,570,000 $ 6,857,000    
Senior secured credit facility              
Short-term Debt [Line Items]              
Long-term debt, balance     233,875,000 238,175,000      
Senior secured credit facility | Term loan facility              
Short-term Debt [Line Items]              
Long-term debt, balance     233,875,000 238,175,000      
Interest expense     24,200,000 32,400,000      
Contractual interest     20,600,000 24,500,000      
Amortization of debt discount and issuance costs     3,600,000 7,900,000      
Senior secured credit facility | London Interbank Offered Rate              
Short-term Debt [Line Items]              
Revolving loan applicable margin 0.50% 1.00%          
Senior secured credit facility | Base Rate              
Short-term Debt [Line Items]              
Revolving loan applicable margin 3.25% 4.00%          
Term loan facility | Senior secured credit facility              
Short-term Debt [Line Items]              
Maximum borrowing capacity   $ 575,000,000          
Debt instrument term   7 years          
Long-term debt, balance     233,900,000 238,200,000      
Unamortized discount and issuance costs, total     $ (7,900,000) $ (11,300,000)      
Effective interest rate     9.55% 10.15%      
Annual amortization rate   1.00%          
Term loan facility | Senior secured credit facility | Secured Overnight Financing Rate (SOFR)              
Short-term Debt [Line Items]              
Revolving loan applicable margin     3.25%        
Revolving loan applicable margin, floor     0.50%        
Term loan facility | Senior secured credit facility | Secured Overnight Financing Rate (SOFR) Plus 1%              
Short-term Debt [Line Items]              
Revolving loan applicable margin     2.25%        
Revolving loan applicable margin, floor     1.00%        
Revolving credit facility | Senior secured credit facility              
Short-term Debt [Line Items]              
Maximum borrowing capacity $ 150,000,000 $ 200,000,000         $ 200,000,000
Debt instrument term   5 years          
Long-term debt, balance     $ 0 $ 0      
Available borrowing capacity     172,000,000 175,200,000      
Prepayment premium   1.00%          
Prepayment premium, period   12 months          
Springing financial maintenance covenant   35.00%          
Net leverage ratio   7.10          
Standby letters of credit | Senior secured credit facility              
Short-term Debt [Line Items]              
Letters of credit outstanding     $ 28,000,000 $ 24,800,000