Current and Long-Term Financing Term Loan (Details) - USD ($) $ in Millions |
12 Months Ended | |
---|---|---|
Dec. 31, 2022 |
Dec. 31, 2021 |
|
Debt Instrument [Line Items] | ||
Long-term Debt, Gross | $ 557.0 | $ 523.8 |
Secured Debt | 217.5 | 218.6 |
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $ 5.3 | |
Secured Debt [Member] | ||
Debt Instrument [Line Items] | ||
Long-term Debt, Gross | 221.6 | |
Secured Debt | 217.5 | |
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | 4.1 | |
Assets held as collateral | $ 750.0 | |
Debt, Weighted Average Interest Rate | 7.88% | |
Debt Instrument, Payment Terms | quarterly principal payments on the last day of each March, June, September and December commencing September 30, 2021 in an amount equal to $562,500 and the final principal repayment is due in May 2028. | |
Debt Instrument, Restrictive Covenants | In addition, the Term Loan includes restrictive covenants, which, among other things, limit additional borrowings and investments of the Company subject to certain thresholds, as provided in the Term Loan. The Term Loan limits the payment of dividends and other restricted payments the Company may make in any fiscal year, unless the consolidated total net leverage ratio, as defined in the Term Loan, does not exceed 2.50 to 1.00 at the time of the payment. | |
Debt Instrument, Face Amount | $ 225.0 | |
Secured Debt [Member] | Minimum [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Interest Rate, Stated Percentage | 0.50% | |
Secured Debt [Member] | Base Rate [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Interest Rate, Stated Percentage | 2.50% | |
Secured Debt [Member] | Eurodollar [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.50% |