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v3.23.1

Short-Term Borrowings and Long-Term Debt - Additional Information (Detail) - USD ($) |  | 1 Months Ended | 6 Months Ended |
--- | --- | --- | --- | ---
Aug. 31, 2022 | Jul. 31, 2021 | Mar. 31, 2023 | Mar. 31, 2022 | Sep. 30, 2022
Line Of Credit Facility [Line Items] |  |  |  |  |
Interest rate on floor plan facility |  |  | 3.45% |  |
Unamortized debt issuance costs |  |  | $ 1,500,000 | $ 200,000 |
Additional borrowings |  |  | 16,200,000 |  |
Mortgage Facility [Member] |  |  |  |  |
Line Of Credit Facility [Line Items] |  |  |  |  |
Long-term debt |  |  | $ 441,424,000 |  | $ 48,693,000
Debt instrument interest rate |  |  | 2.20% |  |
Borrowing Base Amount and Aging Inventory [Member] |  |  |  |  |
Line Of Credit Facility [Line Items] |  |  |  |  |
Inventory and working capital needs |  |  | $ 500,100,000 | $ 59,100,000 |
Interest rate on short-term borrowings |  |  | 5.90% | 4.20% |
Revolving Credit Facility [Member] | Minimum [Member] |  |  |  |  |
Line Of Credit Facility [Line Items] |  |  |  |  |
Debt instrument interest rate |  |  | 1.50% |  |
Revolving Credit Facility [Member] | Maximum [Member] |  |  |  |  |
Line Of Credit Facility [Line Items] |  |  |  |  |
Debt instrument interest rate |  |  | 2.00% |  |
Term Loan Facility | Minimum [Member] |  |  |  |  |
Line Of Credit Facility [Line Items] |  |  |  |  |
Debt instrument interest rate |  |  | 1.50% |  |
Term Loan Facility | Maximum [Member] |  |  |  |  |
Line Of Credit Facility [Line Items] |  |  |  |  |
Debt instrument interest rate |  |  | 2.00% |  |
Credit Facility [Member] |  |  |  |  |
Line Of Credit Facility [Line Items] |  |  |  |  |
Additional extension for two one-year periods |  | Jul. 31, 2024 | Jul. 31, 2024 |  |
Line of Credit Facility, Description |  |  | we amended the Credit Facility to increase the borrowing availability to $500 million, extend the term to expire by one year to July 2024, with two one-year options to renew, subject to lender approval, and modify certain provisions to provide additional liquidity to the Company. |  |
Line of credit facility, term |  | 1 year |  |  |
Credit Facility [Member] | Borrowing Base Amount and Aging Inventory [Member] |  |  |  |  |
Line Of Credit Facility [Line Items] |  |  |  |  |
Amount of borrowing availability |  | $ 500,000,000 |  |  |
Line of Credit Facility, Description |  |  | The Credit Facility was set to expire in July 2024, subject to extension for two one-year periods, with lender approval. |  |
New Credit Agreement [Member] |  |  |  |  |
Line Of Credit Facility [Line Items] |  |  |  |  |
Amount of borrowing availability | $ 750,000,000 |  |  |  |
Credit facility interest rate description |  |  | The interest rate is (a) for amounts outstanding under the floor plan facility, 3.45% above the one month secured term rate as administered by the CME Group Benchmark Administration Limited (CBA) (“SOFR”), (b) for amounts outstanding under the revolving credit facility or the term loan facility, a range of 1.50% to 2.0%, depending on the total net leverage ratio, above the one month, three month, or six month term SOFR rate, and (c) for amounts outstanding under the mortgage loan facility, 2.20% above the one month, three month, or six month term SOFR rate. The alternate base rate with a margin is available for amounts outstanding under the revolving credit, term, and mortgage loan facilities and the Euro Interbank Offered Rate plus a margin is available for borrowings in Euro or other currencies other than dollars under the revolving credit facility. |  |
Leverage ratio |  |  | 3.35% |  |
Debt instrument, covenant compliance |  |  | The covenants include provisions that our leverage ratio must not exceed 3.35 to 1.0 and that our consolidated fixed charge coverage ratio must be greater than 1.10 to 1.0. As of March 31, 2023, we were in compliance with all covenants under the New Credit Agreement. The New Credit Agreement is secured by the Company’s personal property assets, including inventory and related accounts receivable. The mortgage loans will also be secured by the real estate pledged as collateral for such loans. |  |
New Credit Agreement [Member] | Delayed Draw Term Loan Facility |  |  |  |  |
Line Of Credit Facility [Line Items] |  |  |  |  |
Long-term debt maturity | 2027-08 |  |  |  |
New Credit Agreement [Member] | Delayed Draw Mortgage Loan Facility [Member] |  |  |  |  |
Line Of Credit Facility [Line Items] |  |  |  |  |
Long-term debt | $ 100,000,000 |  |  |  |
Long-term debt maturity | 2027-08 |  |  |  |
New Credit Agreement [Member] | Maximum [Member] |  |  |  |  |
Line Of Credit Facility [Line Items] |  |  |  |  |
Fixed coverage ratio |  |  | 110 |  |
New Credit Agreement [Member] | Maximum [Member] | Delayed Draw Term Loan Facility |  |  |  |  |
Line Of Credit Facility [Line Items] |  |  |  |  |
Long-term debt | $ 400,000,000 |  |  |  |
New Credit Agreement [Member] | Revolving Credit Facility [Member] |  |  |  |  |
Line Of Credit Facility [Line Items] |  |  |  |  |
Amount of borrowing availability | 100,000,000 |  |  |  |
Swingline facility | 20,000,000 |  |  |  |
Letter of credit sublimit amount | $ 20,000,000 |  |  |  |

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- Definition Short-Term financing which is expected to be paid back relatively quickly, such as by a subsequent longer-term loan. Also called swing loan or bridge financing. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(1)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(a)(1)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 + Details
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