XML 39 R27.htm IDEA: XBRL DOCUMENT v3.23.2
Senior Secured Credit Facilities - Additional Information (Details) - USD ($)
1 Months Ended 3 Months Ended 6 Months Ended
Dec. 12, 2022
Mar. 04, 2021
Aug. 31, 2023
May 31, 2023
Mar. 31, 2023
Jul. 29, 2023
Jul. 29, 2023
Jan. 28, 2023
Line Of Credit Facility [Line Items]                
Credit facility, covenant compliance             the Company was in compliance with its covenants under the First Lien Term Loan and the ABL Revolving Credit Facility.  
Loss on debt extinguishment           $ (305,000) $ (746,000)  
Letter of credit sub facility           150,000,000.0 $ 150,000,000.0  
Maximum borrowing capacity of eligible accounts receivable in percentage             90.00%  
Borrowing capacity of net orderly liquidation value of eligible inventory in percentage             90.00%  
Qualified cash           50,000,000.0 $ 50,000,000.0  
Amended Term Loan Facility                
Line Of Credit Facility [Line Items]                
Weighted average interest rate               8.20%
First Lien Term Loan                
Line Of Credit Facility [Line Items]                
Borrowings under credit facility   $ 1,700,000,000            
Debt instrument floor rate 0.75%              
Quarterly principal payments $ 4,250,000              
Credit facility principal repaid       $ 25,000,000 $ 35,000,000      
Outstanding principal balance, gross           1,610,300,000 1,610,300,000 $ 1,670,300,000
Outstanding principal balance, net of unamortized discount and debt issuance costs           $ 1,591,500,000 $ 1,591,500,000 1,648,900,000
Weighted average interest rate           8.90% 8.90%  
First Lien Term Loan | Subsequent Event                
Line Of Credit Facility [Line Items]                
Credit facility principal repaid     $ 15,000,000          
First Lien Term Loan | Level 2                
Line Of Credit Facility [Line Items]                
Estimated fair value of credit facility           $ 1,604,300,000 $ 1,604,300,000 1,649,400,000
First Lien Term Loan | Base Rate                
Line Of Credit Facility [Line Items]                
Debt instrument basis spread on variable rate 0.50%              
Applicable annual rate 2.25%              
First Lien Term Loan | Adjusted LIBOR                
Line Of Credit Facility [Line Items]                
Debt instrument basis spread on variable rate 1.00%              
First Lien Term Loan | Adjusted SOFR                
Line Of Credit Facility [Line Items]                
Applicable annual rate 3.25%              
Amended Revolving Credit Facility                
Line Of Credit Facility [Line Items]                
Outstanding principal balance, net of unamortized discount and debt issuance costs               0
ABL Revolving Credit Facility                
Line Of Credit Facility [Line Items]                
Credit facility, initiation date   Mar. 04, 2021            
Borrowings under credit facility   $ 500,000,000            
Credit facility, maturity date             Mar. 04, 2026  
Outstanding principal balance, net of unamortized discount and debt issuance costs           0 $ 0  
Unamortized debt issuance costs           3,000,000 3,000,000 $ 3,600,000
Borrowings available under credit facility           446,400,000 446,400,000  
Outstanding letters of credit           53,600,000 53,600,000  
Borrowings base reduction           $ 0 0  
Maximum borrowing capacity             $ 500,000,000.0  
Amended Revolving Credit Facility                
Line Of Credit Facility [Line Items]                
Debt instrument floor rate             0.00%  
Line of credit facility, unused commitment fee percentage             0.375%  
Amended Revolving Credit Facility | Actual Daily Utilized Portion Exceeds 50%                
Line Of Credit Facility [Line Items]                
Line of credit facility, unused commitment fee percentage             0.25%  
Amended Revolving Credit Facility | Base Rate                
Line Of Credit Facility [Line Items]                
Debt instrument basis spread on variable rate             0.25%  
Amended Revolving Credit Facility | LIBOR                
Line Of Credit Facility [Line Items]                
Debt instrument basis spread on variable rate             1.25%