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v3.23.2

Line of Credit (Details) - USD ($) |  | 3 Months Ended | 6 Months Ended | 11 Months Ended |
--- | --- | --- | --- | --- | ---
May 03, 2023 | Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Mar. 31, 2024 | Dec. 31, 2022
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Amount outstanding under line of credit |  | $ 75,000,000 |  | $ 75,000,000 |  |  | $ 88,000,000
Interest expense on borrowings |  | $ 1,500,000 | $ 600,000 | $ 2,900,000 | $ 900,000 |  |
Line of credit | US Bank |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Effective interest rate |  | 7.80% |  | 7.80% |  |  | 5.62%
Line of credit | US Bank | Base rate | Forecast |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  |  |  | 0.75% |
Line of credit | US Bank | Base rate | Minimum |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate | 0.00% |  |  |  |  |  |
Line of credit | US Bank | Base rate | Maximum |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate | 0.75% |  |  |  |  |  |
Line of credit | US Bank | Secured Overnight Financing Rate (SOFR) | Forecast |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  |  |  | 2.75% |
Line of credit | US Bank | Secured Overnight Financing Rate (SOFR) | Minimum |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate | 2.00% |  |  |  |  |  |
Line of credit | US Bank | Secured Overnight Financing Rate (SOFR) | Maximum |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate | 2.75% |  |  |  |  |  |
Line of credit | Second Amended Credit Agreement |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Maximum borrowing capacity | $ 125,000,000 |  |  |  |  |  |
Commitment fees |  |  |  | $ 0 |  |  |
Letter of credit |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |
Letter of credit outstanding amount |  | $ 0 |  | $ 0 |  |  | $ 0

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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 aggregate interest expense incurred on short-term borrowings including commercial paper and Federal funds purchased and securities sold under agreements to repurchase. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1402 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1402 -Paragraph (b) -Subparagraph (1) -Publisher SEC Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.7) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 + Details
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- Definition The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. + References No definition available. + Details
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- Definition Amount of the fee for available but unused credit capacity under the credit facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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- Definition The carrying value as of the balance sheet date of the current portion 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 -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 2: 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(13)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 + Details
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