XML 119 R108.htm IDEA: XBRL DOCUMENT v3.25.2
Debt - Narrative (Details)
 3 Months Ended 6 Months Ended
Jan. 14, 2025
USD ($)
Jun. 28, 2024
USD ($)
Apr. 30, 2023
multiple
Apr. 27, 2021
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
jointVenture
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
jointVenture
Dec. 31, 2024
USD ($)
Debt Instrument [Line Items]                  
Proceeds from issuance of senior unsecured notes, net of financing transaction costs             $ 82,140,000 $ 60,000,000  
Long-term debt         $ 652,994,000   652,994,000    
Financing transaction costs         750,000 $ 4,552,000 $ 6,232,000 $ 8,098,000  
Interest rate             0.26161%    
Number of joint venture entities with debt restructuring agreement | jointVenture           2   1  
NYM Preferred Trust I And II                  
Debt Instrument [Line Items]                  
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]             CME Term, SOFR    
Interest rate             0.26161%    
Senior unsecured notes                  
Debt Instrument [Line Items]                  
Principal value of trust preferred securities         242,500,000   $ 242,500,000   $ 160,000,000
2030 Senior Notes | Senior unsecured notes                  
Debt Instrument [Line Items]                  
Principal value of trust preferred securities $ 82,500,000       82,500,000   82,500,000   0
Interest rate 9.125%                
Proceeds from issuance of senior unsecured notes, net of financing transaction costs $ 79,300,000                
Unrealized net gain on debt         800,000   3,200,000    
2030 Senior Notes | Senior unsecured notes | Debt Instrument, Redemption, Period One                  
Debt Instrument [Line Items]                  
Debt instrument, redemption price, percentage 100.00%                
2029 Senior Notes                  
Debt Instrument [Line Items]                  
Unrealized net gain on debt         1,600,000   2,200,000    
2029 Senior Notes | Senior unsecured notes                  
Debt Instrument [Line Items]                  
Principal value of trust preferred securities   $ 60,000,000.0     60,000,000   60,000,000   60,000,000
Interest rate   9.125%              
Proceeds from issuance of senior unsecured notes, net of financing transaction costs   $ 57,500,000              
2029 Senior Notes | Senior unsecured notes | Debt Instrument, Redemption, Period One                  
Debt Instrument [Line Items]                  
Debt instrument, redemption price, percentage   100.00%              
2026 Senior Notes | Senior unsecured notes                  
Debt Instrument [Line Items]                  
Principal value of trust preferred securities       $ 100,000,000.0 100,000,000   100,000,000   100,000,000
Interest rate       5.75%          
Proceeds from issuance of senior unsecured notes, net of financing transaction costs       $ 96,300,000          
Debt instrument, percentage of principal issued       100.00%          
Long-term debt         100,000,000.0   100,000,000.0    
Deferred loan fees, net         $ 1,000,000.0   $ 1,000,000.0   $ 1,100,000
Debt issuance costs, amortization rate         6.73%   6.73%    
Financing transaction costs         $ 500,000   $ 500,000    
2026 Senior Notes | Senior unsecured notes | Debt Instrument, Redemption, Period One                  
Debt Instrument [Line Items]                  
Debt instrument, redemption price, percentage       100.00%          
2026 Senior Notes | Senior unsecured notes | April 30, 2023 - April 29, 2024                  
Debt Instrument [Line Items]                  
Debt instrument, redemption price, percentage     100.00%            
Debt instrument, redemption price, percentage multiplier       2.875%          
Debt covenant, net cash to equity multiple threshold | multiple     8            
2026 Senior Notes | Senior unsecured notes | Between BB+ and B+ Credit Rating                  
Debt Instrument [Line Items]                  
Interest rate increase       0.50%          
2026 Senior Notes | Senior unsecured notes | B+ or Below Credit Rating                  
Debt Instrument [Line Items]                  
Interest rate increase       0.75%