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v3.25.1

Long-Term Debt - Narrative (Details) - USD ($) |  |  | 3 Months Ended |  |
--- | --- | --- | --- | --- | ---
Mar. 19, 2024 | Jan. 19, 2024 | Mar. 31, 2025 | Mar. 31, 2024 | Dec. 31, 2024 | Mar. 18, 2024
Term Loan Facility |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Repayments of lines of credit |  |  | $ 0 | $ 143,750,000 |  |
Revolving Credit Facility |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Repayments of lines of credit |  |  | $ 20,000,000 | $ 15,000,000 |  |
Senior Secured Credit Agreement | Line of Credit | Term Loan Facility |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Term of debt instrument |  |  | 6 years |  |  |
Repayments of lines of credit | $ 43,800,000 | $ 100,000,000 |  |  |  |
Senior Secured Credit Agreement | Line of Credit | Term Loan Facility | Debt, Covenant Period One |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Maximum net leverage ratio | 4.25 |  |  |  |  |
Senior Secured Credit Agreement | Line of Credit | Term Loan Facility | Debt, Covenant Period Two |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Maximum net leverage ratio | 4.00 |  |  |  |  |
Senior Secured Credit Agreement | Line of Credit | Term Loan Facility | SOFR | Minimum |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Basis spread on variable rate | 2.25% |  |  |  |  |
Senior Secured Credit Agreement | Line of Credit | Term Loan Facility | SOFR | Maximum |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Basis spread on variable rate | 3.00% |  |  |  |  |
Senior Secured Credit Agreement | Line of Credit | Term Loan Facility | Base Rate | Minimum |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Basis spread on variable rate | 1.25% |  |  |  |  |
Senior Secured Credit Agreement | Line of Credit | Term Loan Facility | Base Rate | Maximum |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Basis spread on variable rate | 2.00% |  |  |  |  |
Senior Secured Credit Agreement | Line of Credit | Revolving Credit Facility |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Maximum borrowing capacity of credit facility | $ 200,000,000 |  |  |  |  | $ 150,000,000
Interest rate margin reduction | 0.25% |  |  |  |  |
Interest rate step-down | 0.25% |  |  |  |  |
Commitment fee applicable | 0.10% |  |  |  |  |
Commitment fee applicable, additional step-down | 0.05% |  |  |  |  |
Long-term debt, gross |  |  | $ 141,750,000 |  | $ 141,750,000 |
Letters of credit outstanding, amount |  |  | 0 |  |  |
Remaining borrowing capacity under credit facility |  |  | $ 58,200,000 |  |  |
Senior Secured Credit Agreement | Line of Credit | Revolving Credit Facility | SOFR |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Basis spread on variable rate | 2.50% |  | 2.50% |  |  |
Senior Secured Credit Agreement | Line of Credit | Revolving Credit Facility | SOFR | Minimum |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Basis spread on variable rate |  |  | 6.89% |  |  |
Senior Secured Credit Agreement | Line of Credit | Revolving Credit Facility | SOFR | Maximum |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Basis spread on variable rate |  |  | 6.90% |  |  |
Senior Secured Credit Agreement | Line of Credit | Revolving Credit Facility | Base Rate |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Basis spread on variable rate | 1.50% |  |  |  |  |

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