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v3.25.2

Long-Term Debt - Asset-Based Credit Facility (Details) - ABL Facility - USD ($) $ in Thousands |  | 3 Months Ended |  |  |
--- | --- | --- | --- | --- | ---
Feb. 02, 2024 | Jun. 30, 2025 | Jun. 12, 2025 | Mar. 31, 2025 | Feb. 13, 2025
Long-Term Debt |  |  |  |  |
Maximum borrowing capacity |  |  | $ 475,000 |  | $ 550,000
Outstanding debt |  | $ 37,000 |  | $ 109,000 |
Current borrowing capacity |  | $ 313,600 |  |  |
Debt instrument, maturity date, description |  | The ABL Facility is scheduled to mature at the earliest of (a) February 2, 2029 or (b) 91 days prior to the earliest maturity date in respect to any of our indebtedness in an aggregate principal amount of $50.0 million or greater, subject to certain exceptions. |  |  |
Line of credit facility, interest rate description | All borrowings under the ABL Facility bear interest at a secured overnight financing rate (“SOFR”) or the alternative base rate to provide for a 0.25% decrease based on our consolidated net leverage ratio. The applicable margin for alternate base rate loans varies from 1.50% to 2.00% and the applicable margin for SOFR varies from 2.50% to 3.00%. In addition, a commitment fee will be charged and payable quarterly in arrears based on the average daily unused portion of the revolving commitments under the ABL Facility. Such commitment fee will be 0.50% per year, subject to a reduction to 0.375% in the event our fixed charge coverage ratio is greater than or equal to 1.75 to 1.00. |  |  |  |
Interest rate |  | 8.10% |  |  |
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate |  |  |  |  |
Long-Term Debt |  |  |  |  |
Reference rate |  | 4.32% |  |  |
Interest rate margin added to variable rate base |  | 3.10% |  |  |
Prime rate |  |  |  |  |
Long-Term Debt |  |  |  |  |
Reference rate |  | 7.50% |  |  |
Interest rate margin added to variable rate base |  | 2.00% |  |  |
Letter of Credit |  |  |  |  |
Long-Term Debt |  |  |  |  |
Maximum borrowing capacity |  | $ 200,000 |  |  |
Outstanding letters of credit |  | $ 51,800 |  |  |
Fixed interest rate |  | 2.75% |  |  |

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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 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
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