XML 83 R70.htm IDEA: XBRL DOCUMENT v3.22.4
Debt - Narrative (Details) - USD ($)
3 Months Ended 12 Months Ended
Apr. 29, 2022
Apr. 01, 2022
Jan. 03, 2022
Jun. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Feb. 24, 2020
Apr. 28, 2017
Line of Credit Facility [Line Items]                
Extinguishment of debt       $ 2,800,000 $ 3,395,000 $ 0    
Long-term debt, less current portion, net         395,825,000 93,134,000    
Total debt         417,102,000 229,044,000    
Long term debt         $ 395,825,000 93,134,000    
Line of Credit                
Line of Credit Facility [Line Items]                
Weighted average interest rate (as a percent)         5.10%      
Commitment fee percentage   1.25%            
Commitment fee   $ 3,125,000            
Deferred financing costs net of accumulated amortization         $ 8,000,000      
Default rate (as a percent)   2.00%            
Line of Credit | Minimum | Secured Overnight Financing Rate (SOFR) | Alternate Base Rate Or Canadian Prime Rate                
Line of Credit Facility [Line Items]                
Basis spread on variable rate (as a percent)   0.00%            
Line of Credit | Minimum | Secured Overnight Financing Rate (SOFR) | Adjusted Term SOFR Or CDOR Rate                
Line of Credit Facility [Line Items]                
Basis spread on variable rate (as a percent)   1.00%            
Line of Credit | Maximum | Secured Overnight Financing Rate (SOFR) | Alternate Base Rate Or Canadian Prime Rate                
Line of Credit Facility [Line Items]                
Basis spread on variable rate (as a percent)   1.75%            
Line of Credit | Maximum | Secured Overnight Financing Rate (SOFR) | Adjusted Term SOFR Or CDOR Rate                
Line of Credit Facility [Line Items]                
Basis spread on variable rate (as a percent)   2.75%            
Revolving Credit Facility | Line of Credit                
Line of Credit Facility [Line Items]                
Maximum borrowing capacity   $ 200,000,000            
Accordion feature   $ 200,000,000            
Loans outstanding         86,000,000      
Deferred financing costs net of accumulated amortization         4,925,000 1,505,000    
Debt issuance costs, gross         3,100,000      
Revolving Credit Facility | Line of Credit | Gexpro Services                
Line of Credit Facility [Line Items]                
Loans outstanding           37,700,000    
Long term debt obtained     $ 25,000,000       $ 15,000,000  
Revolving Credit Facility | Line of Credit | TestEquity                
Line of Credit Facility [Line Items]                
Long term debt obtained               $ 15,000,000
Revolving Credit Facility | Line of Credit | Minimum                
Line of Credit Facility [Line Items]                
Commitment fee percentage   0.15%            
Revolving Credit Facility | Line of Credit | Maximum                
Line of Credit Facility [Line Items]                
Commitment fee percentage   0.35%            
Revolving Credit Facility | Line of Credit | TestEquity Credit Agreement | TestEquity                
Line of Credit Facility [Line Items]                
Long term debt           1,000,000    
Revolving Credit Facility | Line of Credit | Delayed Draw Term Loan Facility                
Line of Credit Facility [Line Items]                
Commitment fee         400,000      
Revolving Credit Facility | Line of Credit | Senior Secured Revolving Credit Facility                
Line of Credit Facility [Line Items]                
Total debt         122,000,000 0    
Letter of Credit | Line of Credit                
Line of Credit Facility [Line Items]                
Maximum borrowing capacity   $ 25,000,000            
Letter of Credit | Line of Credit | Gexpro Services                
Line of Credit Facility [Line Items]                
Maximum borrowing capacity             38,500,000  
Long term debt           700,000    
Letter of Credit | Line of Credit | TestEquity                
Line of Credit Facility [Line Items]                
Maximum borrowing capacity               2,000,000
Long term debt           0    
Bridge Loan | Line of Credit                
Line of Credit Facility [Line Items]                
Maximum borrowing capacity   10,000,000            
Secured Debt | Line of Credit                
Line of Credit Facility [Line Items]                
Maximum borrowing capacity   250,000,000            
Total debt         50,000,000 0    
Line of credit facility, remaining borrowing capacity         77,000,000      
Deferred financing costs incurred     7,400,000   4,000,000      
Deferred financing costs net of accumulated amortization         4,900,000      
Secured Debt | Line of Credit | Gexpro Services                
Line of Credit Facility [Line Items]                
Extinguishment of debt     600,000          
Long term debt obtained     137,000,000       $ 60,000,000  
Secured Debt | Line of Credit | TestEquity                
Line of Credit Facility [Line Items]                
Long term debt obtained               $ 101,000,000
Secured Debt | Line of Credit | TestEquity Credit Agreement                
Line of Credit Facility [Line Items]                
Extinguishment of debt   200,000            
Secured Debt | Line of Credit | Delayed Draw Term Loan Facility                
Line of Credit Facility [Line Items]                
Maximum borrowing capacity   $ 50,000,000            
Proceeds from long-term debt $ 50,000,000              
Total debt         50,000,000      
Secured Debt | Line of Credit | Delayed Draw Term Loan Facility | Gexpro Services                
Line of Credit Facility [Line Items]                
Long term debt obtained     $ 83,000,000          
Secured Debt | Line of Credit | Delayed Draw Term Loan Facility | Minimum                
Line of Credit Facility [Line Items]                
Ticking fee percentage (as a percent)   0.15%            
Secured Debt | Line of Credit | Delayed Draw Term Loan Facility | Maximum                
Line of Credit Facility [Line Items]                
Ticking fee percentage (as a percent)   0.35%            
Secured Debt | Line of Credit | Senior Secured Term Loan                
Line of Credit Facility [Line Items]                
Total debt         243,750,000 $ 0    
Secured Debt | Line of Credit | Senior Secured Revolving Credit Facility                
Line of Credit Facility [Line Items]                
Total debt         $ 122,000,000