XML 38 R25.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Debt Obligations (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Debt Obligations | The Company’s debt obligations as of June 30, 2024 and December 31, 2023 were as follows:
| June 30, 2024 |  | December 31, 2023
| (in thousands)
2028 Notes | $ | 300,000 |  |  | $ | 300,000 |
ABL Credit Facility | 52,000 |  |  | 57,000 |
Short-term debt (1) | 730 |  |  | 2,859 |
Total debt before deferred financing costs | $ | 352,730 |  |  | $ | 359,859 |
Deferred financing costs | (33,252) |  |  | (36,480) |
Total debt | $ | 319,478 |  |  | $ | 323,379 |
Less: Current portion of long-term debt | (730) |  |  | (2,859) |
Long-term debt | $ | 318,748 |  |  | $ | 320,520 |
(1)The weighted average interest rate of short-term debt outstanding was 8.2% at both June 30, 2024 and December 31, 2023.
Schedule of Debt Instrument Redemption | On and after February 1, 2026, the Company may redeem the 2028 Notes, in whole or in part, at the redemption prices (expressed as percentages of principal amount of the 2028 Notes to be redeemed) set forth below, plus accrued and unpaid interest, if any, to, but excluding the date of redemption, if redeemed during the periods indicated:
|  | Redemption Price
February 1, 2026 to January 31, 2027 |  | 106.500 | %
February 1, 2027 to October 31, 2027 |  | 103.250 | %
November 1, 2027 and thereafter |  | 100.000 | %
Schedule of Fair Value of Debt Obligations | The estimated fair value of the Company’s debt obligations as of June 30, 2024 and December 31, 2023 was as follows:
| June 30, 2024 |  | December 31, 2023
| (in thousands)
2028 Notes | $ | 246,000 |  |  | $ | 264,750 |
ABL Credit Facility | $ | 52,000 |  |  | $ | 57,000 |
Short-term debt | $ | 703 |  |  | $ | 2,859 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of debt instruments or arrangements with redemption features. Includes, but is not limited to, description of debt redemption features, percentage price at which debt can be redeemed by the issuer, and period start and end for debt maturity or redemption. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentRedemptionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration