XML 84 R67.htm IDEA: XBRL DOCUMENT v3.25.4
Debt - 2029 Term Loan Facility (Details)
1 Months Ended 12 Months Ended
Oct. 15, 2024
USD ($)
Oct. 14, 2024
USD ($)
Apr. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Nov. 17, 2020
Line of Credit Facility              
Principal balance       $ 977,300,000 $ 1,111,800,000    
Loss on early extinguishment of debt       1,516,000 (55,559,000) $ (4,529,000)  
2029 Term Loan Facility              
Line of Credit Facility              
Repayments of debt       $ 135,500,000      
Effective interest rate (as a percent)       9.60%      
2029 Term Loan Facility | Senior Secured Term Loan Facility              
Line of Credit Facility              
Principal balance $ 900,000,000.0     $ 729,500,000 850,000,000.0    
Debt instrument term (in years) 5 years            
2029 Term Loan Facility | Senior Secured Term Loan Facility | Debt Covenant, Range One              
Line of Credit Facility              
Maximum debt or equity purchasable $ 25,000,000            
First lien net leverage ratio 2.00            
2029 Term Loan Facility | Senior Secured Term Loan Facility | Debt Covenant, Range Two              
Line of Credit Facility              
Maximum debt or equity purchasable $ 50,000,000            
First lien net leverage ratio 1.50            
2029 Term Loan Facility | Senior Secured Term Loan Facility | Debt Covenant, Range Three              
Line of Credit Facility              
First lien net leverage ratio 1.50            
2029 Term Loan Facility | Senior Secured Term Loan Facility | Debt Covenant, Range Four              
Line of Credit Facility              
First lien net leverage ratio 1.00            
2029 Term Loan Facility | Senior Secured Term Loan Facility | Debt Covenant, Range Five              
Line of Credit Facility              
First lien net leverage ratio 1.00            
2029 Term Loan Facility | Senior Secured Term Loan Facility | Base Rate              
Line of Credit Facility              
Variable rate (as a percent) 4.00%            
2029 Term Loan Facility | Senior Secured Term Loan Facility | Adjusted Term SOFR              
Line of Credit Facility              
Variable rate (as a percent) 5.00%            
2029 Term Loan Facility | Senior Secured Term Loan Facility | Minimum              
Line of Credit Facility              
Unrestricted cash requirement $ 30,000,000            
2029 Term Loan Facility | Senior Secured Term Loan Facility | Minimum | Base Rate              
Line of Credit Facility              
Stated interest rate (as a percent) 2.50%            
2029 Term Loan Facility | Senior Secured Term Loan Facility | Minimum | Adjusted Term SOFR              
Line of Credit Facility              
Stated interest rate (as a percent) 1.50%            
2029 Term Loan Facility | Line of Credit              
Line of Credit Facility              
Amortization quarterly amount $ 17,300,000            
Cash requirement 100,000,000.0            
Senior Secured Term Loan | Senior Secured Term Loan Facility              
Line of Credit Facility              
Principal balance   $ 516,000,000.0          
Debt instrument term (in years)   5 years          
2029 Initial Draw Facility | Senior Secured Term Loan Facility              
Line of Credit Facility              
Principal balance 850,400,000            
2029 Delayed Draw Facility | Senior Secured Term Loan Facility              
Line of Credit Facility              
Line of credit drawn       15,000,000.0      
2029 Delayed Draw Facility | Line of Credit              
Line of Credit Facility              
Principal balance $ 49,600,000            
Debt instrument term (in years) 6 months            
2027 Notes | Senior Secured Term Loan Facility              
Line of Credit Facility              
Loss on early extinguishment of debt       0      
2027 Notes | Convertible Debt              
Line of Credit Facility              
Principal balance       $ 24,100,000 38,100,000    
Repurchased face amount $ 223,600,000   $ 14,000,000.0        
Redemption rate (as a percent)     105.00%        
Repurchase amount $ 248,200,000   $ 15,000,000.0        
Loss on early extinguishment of debt         (63,200,000)    
Stated interest rate (as a percent)             6.00%
Effective interest rate (as a percent)       10.50%      
Debt instrument, debt repurchased, rate 1.110            
Term Loans, 2029 Term Loan Facility And Senior Secured Term Loan              
Line of Credit Facility              
Loss on early extinguishment of debt       $ 1,400,000 2,500,000    
Interest expense       74,100,000 45,000,000.0    
Interest paid       69,000,000.0 42,500,000    
Amortization of the discount       2,500,000 2,300,000    
Amortization of debt issuance costs       $ 1,600,000 $ 700,000