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Credit Agreement
3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Credit Agreement Credit Agreement
We have an $80.0 million revolving credit facility (the “Credit Agreement”) secured primarily by our inventory and maturing on October 24, 2027. Availability fluctuates based on a borrowing base calculation reduced by outstanding letters of credit.
At March 31, 2024 and December 31, 2023, there were no outstanding borrowings under the Credit Agreement. The borrowing base was $121.1 million at March 31, 2024 and there were no outstanding letters of credit and, accordingly, net availability was $80.0 million.