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v3.23.1

Long-Term Debt and Notes Payable (Details) | Mar. 31, 2024 USD ($) | Jun. 19, 2023 USD ($) | Jan. 19, 2023 USD ($) | Apr. 01, 2023 USD ($) | Dec. 31, 2022 USD ($)
--- | --- | --- | --- | --- | ---
Debt Instrument |  |  |  |  |
Current Maturities of Long-term Debt |  |  |  | $ 6,750,000 | $ 4,500,000
Weighted-average interest rate |  |  |  | 13.60% |
Line of Credit | Fifth Amended Agreement | Revolving Credit Facility |  |  |  |  |
Debt Instrument |  |  |  |  |
Amounts outstanding under revolving line of credit |  |  |  | $ 88,100,000 | 164,000,000
Remaining capacity under the credit facility |  |  |  | 26,900,000 | 6,000,000
Deferred debt issuance costs |  |  |  | 2,600,000 |
Line of Credit | Term Loan Agreement |  |  |  |  |
Debt Instrument |  |  |  |  |
Commitment fee (as a percent) |  |  | 5.00% |  |
Face amount |  |  | $ 90,000,000 |  |
Commitment fee amount |  |  | 4,500,000 |  |
Commitment fees paid on closing date |  |  | 1,800,000 |  |
Current Maturities of Long-term Debt |  |  |  |  | $ 6,800,000
Remaining balance |  |  |  | 83,200,000 |
Debt issuance costs |  |  | $ 8,500,000 |  |
Deferred debt issuance costs |  |  |  | $ 5,800,000 |
Line of Credit | Term Loan Agreement | Forecast |  |  |  |  |
Debt Instrument |  |  |  |  |
Commitment fees paid on closing date | $ 900,000 | $ 1,800,000 |  |  |
Line of Credit | Term Loan Agreement | After September 1, 2023 |  |  |  |  |
Debt Instrument |  |  |  |  |
Monthly amortization rate |  |  | 0.833% |  |
Line of Credit | Term Loan Agreement | July 1, 2023 Through September 1, 2023 |  |  |  |  |
Debt Instrument |  |  |  |  |
Monthly amortization rate |  |  | 0.542% |  |
Line of Credit | Term Loan Agreement | April 1, 2023 Through June 1, 2023 |  |  |  |  |
Debt Instrument |  |  |  |  |
Monthly amortization rate |  |  | 0.292% |  |
Line of Credit | Term Loan Agreement | SOFR (at least) |  |  |  |  |
Debt Instrument |  |  |  |  |
Basis spread on variable rate |  |  | 2.50% |  |
Line of Credit | Term Loan Agreement | SOFR |  |  |  |  |
Debt Instrument |  |  |  |  |
Basis spread on variable rate |  |  | 8.75% |  |
Line of Credit | Restated Agreement and Term Loan Agreement | First Quarter Of 2024 |  |  |  |  |
Debt Instrument |  |  |  |  |
Minimum trailing EBITDA amount |  |  | $ 57,600,000 |  |
Minimum fixed charge coverage ratio |  |  | 1.10 |  |
Line of Credit | Restated Agreement and Term Loan Agreement | After Quarter Ended March 31, 2024 |  |  |  |  |
Debt Instrument |  |  |  |  |
Minimum liquidity |  |  | $ 10,000,000 |  |
Line of Credit | Restated Agreement and Term Loan Agreement | Quarter Ended March 31, 2024 |  |  |  |  |
Debt Instrument |  |  |  |  |
Minimum liquidity |  |  | 20,000,000 |  |
Line of Credit | Restated Agreement and Term Loan Agreement | After Second Quarter Of 2024 |  |  |  |  |
Debt Instrument |  |  |  |  |
Minimum trailing EBITDA amount |  |  | 70,000,000 |  |
Line of Credit | Restated Agreement and Term Loan Agreement | Second Quarter Of 2024 |  |  |  |  |
Debt Instrument |  |  |  |  |
Minimum trailing EBITDA amount |  |  | 65,200,000 |  |
Line of Credit | Restated Agreement and Term Loan Agreement | Forth Quarter Of 2023 |  |  |  |  |
Debt Instrument |  |  |  |  |
Minimum trailing EBITDA amount |  |  | 51,700,000 |  |
Line of Credit | Restated Agreement and Term Loan Agreement | Third Quarter Of 2023 |  |  |  |  |
Debt Instrument |  |  |  |  |
Minimum trailing EBITDA amount |  |  | 39,200,000 |  |
Line of Credit | Restated Agreement and Term Loan Agreement | Second Quarter Of 2023 |  |  |  |  |
Debt Instrument |  |  |  |  |
Minimum trailing EBITDA amount |  |  | 23,300,000 |  |
Line of Credit | Restated Agreement and Term Loan Agreement | First Quarter Of 2023 |  |  |  |  |
Debt Instrument |  |  |  |  |
Minimum trailing EBITDA amount |  |  | 14,700,000 |  |
Line of Credit | ABL Facility | Revolving Credit Facility |  |  |  |  |
Debt Instrument |  |  |  |  |
Maximum borrowing capacity |  |  | $ 115,000,000 |  |
Line of Credit | ABL Facility | Revolving Credit Facility | Minimum |  |  |  |  |
Debt Instrument |  |  |  |  |
Commitment fee (as a percent) |  |  | 0.25% |  |
Line of Credit | ABL Facility | Revolving Credit Facility | Maximum |  |  |  |  |
Debt Instrument |  |  |  |  |
Commitment fee (as a percent) |  |  | 0.375% |  |
Line of Credit | ABL Facility | Revolving Credit Facility | SOFR (at least) | Minimum |  |  |  |  |
Debt Instrument |  |  |  |  |
Basis spread on variable rate |  |  | 1.00% |  |
Line of Credit | ABL Facility | Revolving Credit Facility | SOFR | Minimum |  |  |  |  |
Debt Instrument |  |  |  |  |
Basis spread on variable rate |  |  | 2.25% |  |
Line of Credit | ABL Facility | Revolving Credit Facility | SOFR | Maximum |  |  |  |  |
Debt Instrument |  |  |  |  |
Basis spread on variable rate |  |  | 2.75% |  |

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- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124429444&loc=SL124452920-239629 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69C -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495737-112612 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 + Details
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- Definition Amount, before accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28555-108399 + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions 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 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: 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(16)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 + Details
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: 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(b),22(b)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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