XML 49 R39.htm IDEA: XBRL DOCUMENT v3.22.1
DEBT - Narrative (Details)
$ / shares in Units, $ in Thousands
1 Months Ended 3 Months Ended
Apr. 19, 2021
USD ($)
day
$ / shares
Jan. 01, 2021
Jan. 31, 2022
USD ($)
Mar. 31, 2022
USD ($)
$ / shares
Mar. 31, 2021
USD ($)
Dec. 31, 2021
USD ($)
$ / shares
Dec. 27, 2021
$ / shares
Nov. 30, 2020
USD ($)
Jul. 31, 2019
USD ($)
Jul. 26, 2016
USD ($)
Debt Instrument [Line Items]                    
Common stock, par value (usd per share) | $ / shares             $ 0.0001      
Derivative liability - redemption with make-whole provision       $ 800   $ 552        
Loss on derivative       248 $ 0          
Amount outstanding       355,962   360,029        
Derivative gain at settlement     $ 400              
Derivative notional amount       125,000            
Derivative asset       $ 4,036            
2016 Credit Facility                    
Debt Instrument [Line Items]                    
Debt issuance costs           1,800   $ 3,200 $ 1,065  
Maximum borrowing capacity           $ 310,000   300,000   $ 120,000
2016 Credit Facility | Prime rate                    
Debt Instrument [Line Items]                    
Basis spread on variable interest rate       2.00%            
2016 Credit Facility | LIBOR                    
Debt Instrument [Line Items]                    
Basis spread on variable interest rate       3.00%            
Class A Common Stock                    
Debt Instrument [Line Items]                    
Common stock, par value (usd per share) | $ / shares       $ 0.0001   $ 0.0001        
Exchangeable Notes                    
Debt Instrument [Line Items]                    
Face amount $ 130,000                  
Conversion price (usd per share) | $ / shares $ 11.50                  
Interest rate 7.00%                  
Term 5 years                  
Redemption, period from Closing Date 3 years                  
Redemption, stock price percentage threshold 130.00%                  
Redemption, threshold trading days | day 20                  
Redemption, threshold consecutive trading days 30 days                  
Redemption, notice period 30 days                  
Redemption price percentage 100.00%                  
Redemption, VWAP, threshold trading days 5 days                  
Maximum conversion rate 0.0999999                  
Anti-dilution, period after common stock issuance 45 days                  
Anti-dilution, threshold consecutive trading days 10 days                  
Fundamental change, repurchase price percentage 100.00%                  
Registration default, interest rate for first 90 days 0.25%                  
Registration default, interest rate after 90 days 0.50%                  
Event of default, threshold percentage of note holders that may declare notes payable immediately 25.00%                  
Event of default, percentage of notes payable immediately 100.00%                  
Event of default, interest rate for first 90 days 0.25%                  
Event of default, interest rate for days 91-180 0.50%                  
Derivative liability - redemption with make-whole provision       $ 800            
Loss on derivative       248            
Interest expense       $ 2,354            
Effective interest rate       7.40%            
Debt issuance costs $ 2,600                  
Line of credit and term loan | 2016 Credit Facility                    
Debt Instrument [Line Items]                    
Interest expense       $ 3,011 $ 3,037          
Effective interest rate       3.65% 4.36%          
Line of Credit                    
Debt Instrument [Line Items]                    
Basis spread on variable interest rate   3.00%                
Line of Credit | 2016 Credit Facility | Revolver                    
Debt Instrument [Line Items]                    
Maximum borrowing capacity                 60,000  
Annual commitment fee percentage       0.40%            
Amount outstanding       $ 25,000   $ 15,000        
Availability for borrowing       $ 35,000            
Term loan | 2016 Credit Facility                    
Debt Instrument [Line Items]                    
Face amount           $ 250,000   $ 240,000 $ 140,000