XML 58 R47.htm IDEA: XBRL DOCUMENT v3.22.1
Borrowings (Details)
$ / shares in Units, $ in Thousands
1 Months Ended 3 Months Ended 9 Months Ended
Dec. 31, 2021
USD ($)
Mar. 31, 2022
USD ($)
$ / shares
Mar. 31, 2021
USD ($)
Mar. 31, 2022
USD ($)
D
$ / shares
Mar. 31, 2021
USD ($)
Jul. 01, 2021
USD ($)
Jun. 30, 2021
USD ($)
Feb. 28, 2017
USD ($)
Borrowings                
Borrowings outstanding   $ 73,000   $ 73,000        
Increase to retained earnings   637,734   637,734     $ 548,842  
Reduction in common stock   17   17     105,724  
Revolving credit facility                
Borrowings                
Maximum borrowing capacity $ 600,000              
Credit facility under term loan 150,000     $ 100,000        
Unused commitment fee (as a percent)       0.10%        
Borrowings outstanding   73,000   $ 73,000        
Available credit facility   441,800   $ 441,800        
Revolving credit facility | Minimum                
Borrowings                
Maximum borrowing capacity 535,000              
Unused commitment fee (as a percent)       0.10%        
Revolving credit facility | Maximum                
Borrowings                
Maximum borrowing capacity 750,000              
Increase in the credit agreement's borrowing capacity available under certain circumstances 250,000              
Unused commitment fee (as a percent)       0.25%        
Revolving credit facility | LIBOR                
Borrowings                
Interest rate margin (as a percent)       1.00%        
Revolving credit facility | LIBOR | Minimum                
Borrowings                
Interest rate margin (as a percent)       1.00%        
Revolving credit facility | LIBOR | Maximum                
Borrowings                
Interest rate margin (as a percent)       1.75%        
Letters of credit sub facility                
Borrowings                
Maximum borrowing capacity $ 300,000              
Amount outstanding under letters of credit   85,200   $ 85,200        
1.25% Convertible Senior Notes Due 2022                
Borrowings                
Principal amount   $ 287,500   $ 287,500       $ 287,500
Interest rate (as a percentage)   1.25%   1.25%        
Conversion ratio       9.3056        
Conversion price | $ / shares   $ 107.46   $ 107.46        
Premium on stock price 38.50%              
Threshold percentage of stock price       130.00%        
Number of trading days | D       20        
Number of consecutive trading days | D       30        
Principal amount of the notes to be repurchased (as a percentage)       100.00%        
Liability component of convertible debt   $ 242,400   $ 242,400        
Equity component of convertible debt   45,100   45,100        
Debt issuance costs   7,700   7,700        
Debt Component of debt issuance costs   6,500   6,500        
Equity component of debt issuance costs   1,200   1,200        
Total interest expense   1,200 $ 3,300 3,700 $ 10,000      
Contractual interest expense   900 900 2,700 2,700      
Amortization of debt discount     2,200   6,400      
Amortization of debt issuance costs   300 $ 300 1,000 $ 900      
Unamortized discount             10,494  
Unamortized debt issuance costs   600   600     $ 1,400  
Principal value of notes repurchased and cancelled   40,200   40,200        
Loss on debt extinguishment   100            
Bank lines-of-credit                
Borrowings                
Amount outstanding under letters of credit   61,900   61,900        
Available credit facility   11,500   11,500        
Term Loan                
Borrowings                
Borrowings outstanding   $ 50,000   $ 50,000        
ASU 2020-06 | Cumulative effect period of adoption, adjustment                
Borrowings                
Liability component of convertible debt           $ 10,000    
Increase to retained earnings           19,000    
Reduction in common stock           27,000    
ASU 2020-06 | Cumulative effect period of adoption, adjustment | 1.25% Convertible Senior Notes Due 2022                
Borrowings                
Liability component of convertible debt           10,000    
Increase to retained earnings           19,000    
Reduction in common stock           $ 27,000