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v3.24.1.1.u2

REDEEMABLE PREFERRED STOCK (Details) $ / shares in Units, $ in Thousands |  | 3 Months Ended |  |  |
--- | --- | --- | --- | --- | ---
Aug. 01, 2022 USD ($) vote $ / shares shares | Mar. 31, 2024 USD ($) $ / shares | Mar. 31, 2023 USD ($) | Dec. 31, 2023 USD ($) $ / shares | Jul. 27, 2023 USD ($) | Jul. 05, 2023 USD ($)
Temporary Equity [Line Items] |  |  |  |  |  |
Redeemable preferred stock, par value (dollars per share) | $ / shares |  | $ 0.01 |  | $ 0.01 |  |
Redeemable preferred stock |  | $ 342,207 |  | $ 325,232 |  |
Fair value of warrants |  | 21,000 |  |  |  |
Dividends paid-in-kind |  | 88,600 |  |  |  |
Accretion of dividends |  | 1,700 | $ 1,600 |  |  |
Liquidation preference |  | 446,500 |  | 446,500 |  |
Temporary equity, dividends paid |  | 15,300 | $ 12,900 |  |  |
Total debt |  | 1,373,637 |  | 1,372,211 |  |
Bonds payable |  |  |  |  |  |
Temporary Equity [Line Items] |  |  |  |  |  |
Total debt |  | 1,265,587 |  | 1,264,161 |  |
Senior Notes due 2027 | Bonds payable |  |  |  |  |  |
Temporary Equity [Line Items] |  |  |  |  |  |
Total debt |  | $ 576,607 |  | $ 575,181 |  | $ 100,000
Stock Options |  |  |  |  |  |
Temporary Equity [Line Items] |  |  |  |  |  |
Fair value of options | $ 18,100 |  |  |  |  |
Temporary equity, voting rights | vote | 1 |  |  |  |  |
Series I And II Warrants |  |  |  |  |  |
Temporary Equity [Line Items] |  |  |  |  |  |
Fair value of warrants | $ 13,800 |  |  |  |  |
Series A Senior Preferred Shares |  |  |  |  |  |
Temporary Equity [Line Items] |  |  |  |  |  |
Shares issued (in shares) | shares | 300,000 |  |  |  |  |
Price (dollars per share) | $ / shares | $ 1,000 |  |  |  |  |
Redeemable preferred stock, par value (dollars per share) | $ / shares | $ 0.01 |  |  |  |  |
Discount | 3.00% |  |  |  |  |
Proceeds from stock issued | $ 291,000 |  |  |  |  |
Redeemable preferred stock | 242,700 |  |  |  |  |
Issuance cost | 16,400 |  |  |  |  |
Base preferred return amount | $ 150,000 |  |  |  |  |
Dividend rate | 14.00% |  |  |  |  |
Series A Senior Preferred Shares | Senior Notes due 2027 | Bonds payable |  |  |  |  |  |
Temporary Equity [Line Items] |  |  |  |  |  |
Total debt |  |  |  |  | $ 33,400 |
Series A Senior Preferred Shares | Year one - two |  |  |  |  |  |
Temporary Equity [Line Items] |  |  |  |  |  |
Dividend rate, increase per annum | 2.00% |  |  |  |  |
Series A Senior Preferred Shares | Year two - five |  |  |  |  |  |
Temporary Equity [Line Items] |  |  |  |  |  |
Dividend rate, increase per annum | 18.00% |  |  |  |  |
Series A Senior Preferred Shares | Year five |  |  |  |  |  |
Temporary Equity [Line Items] |  |  |  |  |  |
Dividend rate, increase per annum | 1.00% |  |  |  |  |

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