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v3.21.2

DEBT - Credit Facility (Details) |  |  | 3 Months Ended | 9 Months Ended |
--- | --- | --- | --- | --- | ---
Sep. 15, 2021 USD ($) | Dec. 10, 2019 USD ($) | Sep. 30, 2021 USD ($) | Sep. 30, 2021 USD ($) | Sep. 30, 2020 USD ($) | Dec. 31, 2020 USD ($)
Line of Credit Facility [Line Items] |  |  |  |  |  |
Letters of credit outstanding |  |  | $ 200,000 | $ 200,000 |  | $ 200,000
Leverage ratio | 2.50 |  |  |  |  |
Ratio of Debt to EBITDA Increase | 0.50 |  |  |  |  |
Write-off of previously-capitalized debt issuance costs |  |  |  | 1,066,000 | $ 0 |
Amortization of debt issuance costs |  |  |  | 3,756,000 | 2,241,000 |
Amortization of debt discount |  |  |  | 22,297,000 | 12,429,000 |
Letter of Credit |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Maximum borrowing capacity | $ 20,000,000 |  |  |  |  |
Line of Credit | Credit Agreement |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Line of credit outstanding |  |  | 0 | 0 |  |
Potential additional borrowing capacity | $ 116,000,000 |  |  |  |  |
Credit agreement, ratio of debt to EBITDA | 3.00 |  |  |  |  |
Premium percentage | 1.00% |  |  |  |  |
Premium percentage period | 6 months |  |  |  |  |
Collateral, percent of domestic subsidiaries equity | 100.00% |  |  |  |  |
Collateral, percent of voting equity | 65.00% |  |  |  |  |
Collateral, percent of non-voting equity | 100.00% |  |  |  |  |
Line of Credit | Credit Agreement | Revolving Credit Facility |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Maximum borrowing capacity | $ 200,000,000 |  |  |  |  |
Capacity available for general corporate purchases | 80,000,000 |  |  |  |  |
Covenant threshold | $ 20,000,000 |  |  |  |  |
Letter of credit fronting fee percentage | 0.125% |  |  |  |  |
Debt issuance costs | $ 2,800,000 |  |  |  |  |
Interest expense |  |  |  | 3,000,000 |  |
Unused commitment fees |  |  |  | 1,800,000 |  |
Amortization of debt issuance costs |  |  |  | 1,200,000 |  |
Line of Credit | Credit Agreement | Delayed Draw Term Loan |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Maximum borrowing capacity | 250,000,000 |  |  |  |  |
Debt issuance costs | 3,500,000 |  |  |  |  |
Unamortized debt discount | $ 2,500,000 |  |  |  |  |
Interest expense |  |  |  | 700,000 |  |
Unused commitment fees |  |  |  | 400,000 |  |
Amortization of debt issuance costs |  |  |  | 200,000 |  |
Amortization of debt discount |  |  |  | $ 100,000 |  |
Line of Credit | Credit Agreement | Fed Funds Effective Rate | Revolving Credit Facility |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Basis spread on variable rate | 0.50% |  |  |  |  |
Line of Credit | Credit Agreement | LIBOR | Revolving Credit Facility |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Basis spread on variable rate | 1.00% |  |  |  |  |
Line of Credit | Credit Agreement | Minimum | Revolving Credit Facility |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Unused capacity, commitment fee percentage | 0.25% |  |  |  |  |
Letter of credit participation fee percentage | 2.25% |  |  |  |  |
Line of Credit | Credit Agreement | Minimum | LIBOR | Revolving Credit Facility |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Basis spread on variable rate | 2.25% |  |  |  |  |
Line of Credit | Credit Agreement | Minimum | LIBOR | Delayed Draw Term Loan |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Basis spread on variable rate | 3.75% |  |  |  |  |
Line of Credit | Credit Agreement | Minimum | Base Rate | Revolving Credit Facility |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Basis spread on variable rate | 1.25% |  |  |  |  |
Line of Credit | Credit Agreement | Minimum | Base Rate | Delayed Draw Term Loan |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Basis spread on variable rate | 2.75% |  |  |  |  |
Line of Credit | Credit Agreement | Maximum | Revolving Credit Facility |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Unused capacity, commitment fee percentage | 0.50% |  |  |  |  |
Letter of credit participation fee percentage | 2.75% |  |  |  |  |
Line of Credit | Credit Agreement | Maximum | LIBOR | Revolving Credit Facility |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Basis spread on variable rate | 2.75% |  |  |  |  |
Line of Credit | Credit Agreement | Maximum | LIBOR | Delayed Draw Term Loan |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Basis spread on variable rate | 4.00% |  |  |  |  |
Line of Credit | Credit Agreement | Maximum | Base Rate | Revolving Credit Facility |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Basis spread on variable rate | 1.75% |  |  |  |  |
Line of Credit | Credit Agreement | Maximum | Base Rate | Delayed Draw Term Loan |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Basis spread on variable rate | 3.00% |  |  |  |  |
Line of Credit | Amended Revolving Credit Facility | Revolving Credit Facility |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Maximum borrowing capacity |  | $ 500,000,000 |  |  |  |
Debt term |  | 5 years |  |  |  |
Line of credit outstanding |  |  |  |  |  | $ 0
Write-off of previously-capitalized debt issuance costs |  |  | $ 1,100,000 |  |  |
Interest expense |  |  |  |  | 3,200,000 |
Unused commitment fees |  |  |  |  | 1,100,000 |
Amortization of debt issuance costs |  |  |  |  | 800,000 |
Line of Credit | Amended Revolving Credit Facility | LIBOR | Revolving Credit Facility |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Interest expense |  |  |  |  | $ 1,300,000 |

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- Definition Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.8) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 + 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 http://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 http://asc.fasb.org/extlink&oid=120398452&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 http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 + Details
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