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v3.22.2.2

LONG-TERM DEBT (Details) | 9 Months Ended |  |
--- | --- | --- | ---
Sep. 30, 2022 USD ($) | Dec. 31, 2021 USD ($) | Sep. 03, 2020 USD ($)
Long-term debt |  |  |
Current portion of long-term debt | $ 26,237,000 | $ 20,000,000 |
Interest rate on the term loan facility | 4.12% |  |
LIBOR |  |  |
Long-term debt |  |  |
Percentage points added to the reference rate | 1.00% |  |
Minimum |  |  |
Long-term debt |  |  |
Commitment fee percentage | 0.175% |  |
Maximum |  |  |
Long-term debt |  |  |
Commitment fee percentage | 0.325% |  |
Term Loan Facility. |  |  |
Long-term debt |  |  |
Face amount of debt |  |  | $ 200,000,000
Amount outstanding | $ 27,000,000 |  |
Optional prepayment | $ 48,000,000 |  |
Term Loan Facility. | Period From December 31, 2020 To September 30, 2021 |  |  |
Long-term debt |  |  |
Interest rate |  |  | 1.25%
Term Loan Facility. | Period From December 31, 2021 And Thereafter |  |  |
Long-term debt |  |  |
Interest rate |  |  | 2.50%
Fourth Amended Credit Facility |  |  |
Long-term debt |  |  |
Maximum borrowing capacity |  |  | $ 270,000,000
Total leverage ratio | 0.02 |  |
Fixed charge coverage ratio | 0.038 |  |
Fourth Amended Credit Facility | Minimum |  |  |
Long-term debt |  |  |
Fixed charge coverage ratio | 0.0115 |  |
Fourth Amended Credit Facility | Maximum |  |  |
Long-term debt |  |  |
Total leverage ratio | 0.040 |  |
Revolving Credit Facility |  |  |
Long-term debt |  |  |
Maximum borrowing capacity | $ 75,000,000 |  | 70,000,000
Amount outstanding | 0 |  |
Additional borrowing capacity |  |  | $ 75,000,000
Revolving Credit Facility | Minimum |  |  |
Long-term debt |  |  |
Additional borrowing capacity | 15,000,000 |  |
Integral multiple additional borrowing capacity | $ 1,000,000 |  |
Revolving Credit Facility | Minimum | LIBOR |  |  |
Long-term debt |  |  |
Percentage points added to the reference rate | 1.00% |  |
Revolving Credit Facility | Minimum | Base Rate |  |  |
Long-term debt |  |  |
Percentage points added to the reference rate | 0.00% |  |
Revolving Credit Facility | Maximum | LIBOR |  |  |
Long-term debt |  |  |
Percentage points added to the reference rate | 2.00% |  |
Revolving Credit Facility | Maximum | Base Rate |  |  |
Long-term debt |  |  |
Percentage points added to the reference rate | 1.00% |  |
Term Loan Facility |  |  |
Long-term debt |  |  |
Current portion of long-term debt | $ 26,200,000 |  |
Unamortized debt issuance costs | 800,000 |  |
Long-term debt, net | 27,000,000.0 |  |
Mandatory payment | 15,000,000 |  |
Standby Letter of Credit |  |  |
Long-term debt |  |  |
Face amount of debt | 600,000 |  |
Remaining available borrowings | $ 69,400,000 |  |

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- Definition The carrying value as of the balance sheet date of the current portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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