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v3.22.2

Preferred Membership Interests - Additional Information (Details) $ / shares in Units, $ in Thousands |  | 3 Months Ended | 6 Months Ended
--- | --- | --- | ---
Mar. 29, 2022 USD ($) TradingDays $ / shares shares | Jun. 30, 2022 USD ($) | Jun. 30, 2022 USD ($)
Class of Stock [Line Items] |  |  |
Accretion of preferred membership interests |  | $ 600 | $ 600
Series A Preferred Interest [Member] |  |  |
Class of Stock [Line Items] |  |  |
Preferred shares issued and sold | shares | 12,500 |  |
Shares issued, price per share | $ / shares | $ 1,000 |  |
Aggregate purchase price of preferred interest | $ 25,000 |  |
Investment agreement date | Mar. 29, 2022 |  |
Percentage of common interests Holdings | 100.00% |  |
Initial liquidation preference | $ 1,000 |  |
Percentage of preferred return at liquidation preference | 9.00% |  |
Preferred stock, participation rights |  |  | Prior to October 16, 2026, the Series A Preferred Interests will not be entitled to receive distributions, but the preferred return instead will accumulate solely by way of an increase in the liquidation preference of the Series A Preferred Interests. From and after October 16, 2026, the preferred return will be payable in cash, on a quarterly basis. The Series A Preferred Interests are subject to exchange (i) upon a liquidation or deemed liquidation event of Holdings, (ii) upon a change of control of the Partnership, (iii) from and after March 1, 2024, at the option of the Partnership and Holdings, and (iv) on March 31, 2029, if any Series A Preferred Interests remain outstanding on such date (each of (i) through (iv), an “exchange”). Upon an exchange of any Series A Preferred Interests, the holders thereof will surrender each such Series A Preferred Interest in exchange for an amount equal to the then-current liquidation preference of such Series A Preferred Interest plus any preferred return accrued and unpaid with respect to the period from and after October 16, 2026 (the “Exchange Price”).
Preferred stock, convertible, conversion price | $ / shares | $ 23.74 |  |
Preferred stock, convertible, conversion ratio | 1.15 |  |
Number of trading days | TradingDays | 20 |  |

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