XML 70 R46.htm IDEA: XBRL DOCUMENT v3.20.4
Long-term Debt - Additional Information (Details) - USD ($)
12 Months Ended
Dec. 01, 2020
Sep. 23, 2020
Jun. 12, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Feb. 26, 2019
Debt Instrument [Line Items]              
Debt issuance costs     $ 200,000 $ 4,467,000 $ 2,303,000    
Long-term debt       182,668,000      
Deferred debt issuance costs       3,707,000      
Current portion of long-term debt         873,000    
Long-term debt, net of current portion       182,668,000 96,665,000    
Cash distribution to QLH class A Unit holders and certain QLH class B unit holders   $ 105,800,000          
Loss on extinguishment of debt       (1,998,000)      
Interest expense       7,900,000 7,000,000 $ 1,200,000  
Amortization of deferred debt issuance costs       1,228,000 665,000 $ 15,000  
Unamortized deferred debt issuance costs       3,700,000 1,700,000    
Interest Payable       700,000      
Maximum              
Debt Instrument [Line Items]              
Interest Payable         100,000    
LIBOR              
Debt Instrument [Line Items]              
Debt instrument, basis spread on variable rate     5.50%        
Debt instrument, reduced interest rate     4.85%        
2019 Revolving Credit Facility              
Debt Instrument [Line Items]              
Line of credit facility assigned to third party     $ 5,000,000        
Outstanding amount drawn under revolving credit facility         0    
2019 Revolving Credit Facility | Monroe Capital              
Debt Instrument [Line Items]              
Revolving line of credit             $ 5,000,000
2020 Revolving Credit Facility              
Debt Instrument [Line Items]              
Revolving line of credit   5,000,000          
Outstanding amount drawn under revolving credit facility       0      
2019 Credit Facilities | Other Expense              
Debt Instrument [Line Items]              
Loss on extinguishment of debt       (2,000,000)      
2019 Term Loan Facility              
Debt Instrument [Line Items]              
Term loan facility assigned to third party     $ 25,000,000        
Long-term debt         97,500,000    
Deferred debt issuance costs         1,700,000    
Current portion of long-term debt         900,000    
Long-term debt, net of current portion         $ 96,700,000    
2019 Term Loan Facility | Monroe Capital              
Debt Instrument [Line Items]              
Initial principal amount of term loan             100,000,000
Proceeds from term loan             $ 100,000,000
2020 Term Loan Facility              
Debt Instrument [Line Items]              
Initial principal amount of term loan   210,000,000          
Proceeds from term loan   $ 210,000,000          
Long-term debt       182,700,000      
Deferred debt issuance costs       3,700,000      
Debt instrument, periodic payment       $ 2,600,000      
Debt instrument, frequency of periodic payment       quarterly      
Debt instrument, date of first required payment       Dec. 31, 2020      
Prepayment of term loan facility $ 23,600,000            
ABR Borrowings | 2020 Credit Facilities              
Debt Instrument [Line Items]              
Debt Instrument, description of variable rate basis       The ABR is defined as a fluctuating interest rate equal to the greatest of (a) the U.S. Prime Rate published by the Wall Street Journal, (b) the NYFRB Rate plus 0.50% and (c) the Adjusted LIBO Rate for a one-month interest period plus 1.00%.      
Debt Instrument, interest rate, basis for effective rate       If the ABR is determined to be less than 1.50%, such rate shall be deemed to be 1.50%.      
ABR Borrowings | 2020 Credit Facilities | NYFRB Rate              
Debt Instrument [Line Items]              
Debt instrument, basis spread on variable rate       0.50%      
ABR Borrowings | 2020 Credit Facilities | Adjusted LIBO Rate              
Debt Instrument [Line Items]              
Debt instrument, basis spread on variable rate       1.00%      
ABR Borrowings | 2020 Credit Facilities | Alternate Base Rate              
Debt Instrument [Line Items]              
Debt Instrument, floor interest rate       1.50%      
ABR Borrowings | 2020 Credit Facilities | Applicable Rate | Minimum              
Debt Instrument [Line Items]              
Debt instrument, interest rate       2.25%      
ABR Borrowings | 2020 Credit Facilities | Applicable Rate | Maximum              
Debt Instrument [Line Items]              
Debt instrument, interest rate       2.75%      
Eurodollar Borrowings | 2020 Credit Facilities              
Debt Instrument [Line Items]              
Debt Instrument, interest rate, basis for effective rate       If the Adjusted LIBO Rate is determined to be less than 0.50%, such rate shall be deemed to 0.50%.      
Eurodollar Borrowings | 2020 Credit Facilities | Adjusted LIBO Rate              
Debt Instrument [Line Items]              
Debt Instrument, floor interest rate       0.50%      
Eurodollar Borrowings | 2020 Credit Facilities | Applicable Rate | Minimum              
Debt Instrument [Line Items]              
Debt instrument, interest rate       3.25%      
Eurodollar Borrowings | 2020 Credit Facilities | Applicable Rate | Maximum              
Debt Instrument [Line Items]              
Debt instrument, interest rate       3.75%      
2020 Credit Facilities              
Debt Instrument [Line Items]              
Credit facilities, maturity date       Sep. 22, 2023