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v3.25.1

Liabilities - Revolving Credit Facility (Details) - USD ($) $ in Millions |  |  | 3 Months Ended | 12 Months Ended
--- | --- | --- | --- | ---
Aug. 02, 2024 | Dec. 16, 2021 | Mar. 31, 2025 | Dec. 31, 2024
Credit Facility |  |  |  |
Debt |  |  |  |
Borrowing capacity | $ 225 | $ 150 |  |
Debt instrument term |  | 5 years |  |
Additional increase in borrowing subject to certain conditions |  | $ 75 |  |
Amount of increase in borrowing capacity | $ 75 |  |  |
Outstanding amount |  |  | $ 0 | $ 0
Credit Facility | Minimum |  |  |  |
Debt |  |  |  |
Unused commitment fee percentage (as a percent) |  | 0.25% |  |
Interest coverage ratio |  | 3 |  |
Credit Facility | Maximum |  |  |  |
Debt |  |  |  |
Unused commitment fee percentage (as a percent) |  | 0.35% |  |
Total net leverage ratio |  | 4.5 |  |
Secured net leverage ratio |  | 2.5 |  |
Credit Facility | Base rate | Minimum |  |  |  |
Debt |  |  |  |
Basis spread on base rate (as a percent) |  | 0.50% |  |
Credit Facility | Base rate | Maximum |  |  |  |
Debt |  |  |  |
Basis spread on base rate (as a percent) |  | 1.25% |  |
Credit Facility | SOFR |  |  |  |
Debt |  |  |  |
Floor rate on debt instrument (as a percent) |  | 0.00% |  |
Credit Facility | SOFR | Minimum |  |  |  |
Debt |  |  |  |
Basis spread on base rate (as a percent) |  | 1.50% |  |
Credit Facility | SOFR | Maximum |  |  |  |
Debt |  |  |  |
Basis spread on base rate (as a percent) |  | 2.25% |  |
Credit Facility, Letter of Credit |  |  |  |
Debt |  |  |  |
Borrowing capacity |  | $ 15 |  |

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