XML 42 R31.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Debt - Narrative (Details)
 1 Months Ended 3 Months Ended
May 02, 2023
USD ($)
Aug. 31, 2022
USD ($)
Mar. 31, 2024
USD ($)
tradingDay
$ / shares
Mar. 31, 2023
USD ($)
Dec. 31, 2023
USD ($)
Debt Instrument [Line Items]          
Accrued interest due to related parties     $ 1,100,000   $ 400,000
Effective interest rate of the average outstanding balance     29.70% 21.10%  
Amortization of original issuance costs     8.30% 10.50%  
Affiliated Entity          
Debt Instrument [Line Items]          
Contractual interest expense     $ 700,000 $ 700,000  
Revolving Credit Facility          
Debt Instrument [Line Items]          
Debt aggregate face amount $ 4,000,000        
Contractual interest expense     222,000 118,000  
Maximum borrowing capacity   $ 50,000,000      
Minimum draw 8,500,000 $ 4,500,000      
Applicable margin on interest rate (percent)   3.50%      
Debt covenant threshold   $ 8,000,000      
Commitment fee   0.40%      
Line of credit increase $ 4,000,000        
Debt issuance costs   $ 1,100,000      
Unamortized debt issuance expense     400,000   500,000
Outstanding borrowings under the credit facility     4,700,000    
Revolving Credit Facility | Minimum          
Debt Instrument [Line Items]          
Commitment fee rate 7.50%        
Revolving Credit Facility | Maximum          
Debt Instrument [Line Items]          
Commitment fee rate 12.50%        
Exit fee     100,000    
Revolving Credit Facility | Less Than 15 Million          
Debt Instrument [Line Items]          
Debt covenant threshold   15,000,000      
Revolving Credit Facility | Between 15 Million and 25 Million | Minimum          
Debt Instrument [Line Items]          
Debt covenant threshold   15,000,000      
Revolving Credit Facility | Between 15 Million and 25 Million | Maximum          
Debt Instrument [Line Items]          
Debt covenant threshold   25,000,000      
Revolving Credit Facility | Greater Than 25 Million          
Debt Instrument [Line Items]          
Debt covenant threshold   $ 25,000,000      
Revolving Credit Facility | SOFR          
Debt Instrument [Line Items]          
Applicable margin on interest rate (percent)   1.00%      
Revolving Credit Facility | SOFR | Less Than 15 Million          
Debt Instrument [Line Items]          
Applicable margin on interest rate (percent)   3.50%      
Revolving Credit Facility | SOFR | Between 15 Million and 25 Million          
Debt Instrument [Line Items]          
Applicable margin on interest rate (percent)   4.00%      
Revolving Credit Facility | SOFR | Greater Than 25 Million          
Debt Instrument [Line Items]          
Applicable margin on interest rate (percent)   5.50%      
Revolving Credit Facility | Federal Base Rate          
Debt Instrument [Line Items]          
Applicable margin on interest rate (percent)   0.50%      
Revolving Credit Facility | Base Rate | Less Than 15 Million          
Debt Instrument [Line Items]          
Applicable margin on interest rate (percent)   2.50%      
Revolving Credit Facility | Base Rate | Between 15 Million and 25 Million          
Debt Instrument [Line Items]          
Applicable margin on interest rate (percent)   3.00%      
Revolving Credit Facility | Base Rate | Greater Than 25 Million          
Debt Instrument [Line Items]          
Applicable margin on interest rate (percent)   4.50%      
Convertible Debt | 2025 Notes          
Debt Instrument [Line Items]          
Carrying amount of debt     $ 161,898,000   $ 161,898,000
Stated interest rate of debt issued     3.25%    
Conversion ratio     0.00792896    
Conversion price ($ per share) | $ / shares     $ 126.12    
Threshold percentage of stock price trigger     130.00%    
Threshold of trading days | tradingDay     20    
Threshold of consecutive trading days | tradingDay     30    
Aggregate percentage of holders to declare notes due and payable in default event     25.00%    
Percentage of principal and accrued interest that may be called in default event     100.00%    
Percentage of principal and accrued interest that may be called in event of bankruptcy, insolvency or reorganization     100.00%    
Trading day threshold     5 days    
Stock price trigger (in dollars per share) | $ / shares     $ 105.10    
Make-whole payment term     3 years    
Interest make-whole payment discount rate     1.00%    
Debt aggregate face amount     $ 161,900,000    
Effective interest rate     4.17%   4.23%
Contractual interest expense     $ 1,315,000 $ 1,315,000  
Convertible Debt | 2025 Notes | Affiliated Entity          
Debt Instrument [Line Items]          
Carrying amount of debt     $ 80,400,000   $ 80,400,000