XML 44 R33.htm IDEA: XBRL DOCUMENT
v3.23.3

Credit Facility (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Credit Facility | The Company's outstanding credit facility as of September 30, 2023 and December 31, 2022 consisted of the following (amounts in thousands):
|  |  |  | September 30, 2023 |  | December 31, 2022
Variable rate revolving line of credit |  |  |  | $ | 50,000 |  |  | $ | 8,000 |
Variable rate term loans fixed through interest rate swaps |  |  |  | 525,000 |  |  | 485,000 |
Variable rate term loans |  |  |  | 30,000 |  |  | 90,000 |
Total credit facility, principal amount outstanding |  |  |  | 605,000 |  |  | 583,000 |
Unamortized deferred financing costs related to credit facility term loans |  |  |  | (1,948) |  |  | (2,412) |
Total credit facility, net of deferred financing costs |  |  |  | $ | 603,052 |  |  | $ | 580,588 |
Schedule of Future Principal Payments Due on Debt | The principal payments due on the credit facility as of September 30, 2023, for the period ending December 31, 2023, and for each of the next four years ending December 31 and thereafter, are as follows (amounts in thousands):
|  | September 30, 2023
Period ending December 31, 2023 |  | $ | — |
2024 (1) |  | 280,000 |
2025 |  | — |
2026 |  | 50,000 |
2027 |  | — |
Thereafter |  | 275,000 |
|  | $ | 605,000 |
(1)The 2024 term loan has a maturity date of December 31, 2024, and, at the Company's election, may be extended for a period of six-months on no more than two occasions, subject to the satisfaction of certain conditions, including the payment of an extension fee.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration