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v3.24.1.u1

NOTES PAYABLE TO BANKS (Details) $ in Thousands |  | 3 Months Ended |
--- | --- | --- | ---
Jul. 01, 2023 | Mar. 31, 2024 USD ($) | Mar. 31, 2023 USD ($) | Dec. 31, 2023 USD ($)
Line of Credit Facility |  |  |  |
Maximum debt consolidated leverage ratio |  | 2.50 |  |
Minimum debt consolidated fixed charge coverage ratio |  | 1.25 |  |
Origination and other debt related costs |  | $ 195 |  |
Revolving Credit Facility |  |  |  |
Line of Credit Facility |  |  |  |
Maximum borrowing capacity |  | 20,000 |  |
Increase in the aggregate commitments from committed accordion |  | 35,000 |  |
Additional interest | 0.1145% |  |  |
Outstanding borrowings |  | 0 |  | $ 0
Interest incurred |  | 22 | $ 22 |
Interest expense paid |  | 0 | $ 38 |
Revolving Credit Facility | Minimum |  |  |  |
Line of Credit Facility |  |  |  |
Interest rate | 1.50% |  |  |
Facility fee | 0.25% |  |  |
Revolving Credit Facility | Maximum |  |  |  |
Line of Credit Facility |  |  |  |
Interest rate | 2.50% |  |  |
Facility fee | 0.45% |  |  |
Swingline loans |  |  |  |
Line of Credit Facility |  |  |  |
Maximum borrowing capacity |  | 5,000 |  |
Letter of Credit |  |  |  |
Line of Credit Facility |  |  |  |
Maximum borrowing capacity |  | $ 2,500 |  |

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- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482900/835-30-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482925/835-30-45-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-6 + 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 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 + Details
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