XML 75 R65.htm IDEA: XBRL DOCUMENT v3.21.2
LONG-TERM DEBT - Narrative (Details)
1 Months Ended 9 Months Ended
Sep. 30, 2021
USD ($)
Jun. 22, 2021
USD ($)
Apr. 30, 2018
USD ($)
Sep. 30, 2021
USD ($)
Dec. 31, 2020
USD ($)
Debt Instrument [Line Items]          
Debt issuance costs, net $ 1,800,000     $ 1,800,000 $ 2,400,000
Accumulated amortization, debt issuance costs $ (2,700,000)     $ (2,700,000) (2,200,000)
Altisource S.A.R.L.          
Debt Instrument [Line Items]          
Noncontrolling ownership percentage 24.00%     24.00%  
Credit Facility          
Debt Instrument [Line Items]          
Unused commitment fee   0.50%      
Borrowings under revolving credit facility $ 20,000,000     $ 20,000,000 0
Payment due date default period   3 days      
Debt issuance costs, net 485,000     485,000 $ 0
Accumulated amortization, debt issuance costs $ (100,000)     $ (100,000)  
Term   3 years      
Interest rate   9.00%      
Upfront fee   $ 500,000      
Covenant threshold   40,000,000      
Credit Facility Borrowings Through June 22, 2022 | Credit Facility          
Debt Instrument [Line Items]          
Maximum borrowing capacity   20,000,000      
Outstanding balance threshold   15,000,000      
Credit Facility Borrowings Through June 22, 2023 | Credit Facility          
Debt Instrument [Line Items]          
Maximum borrowing capacity   15,000,000      
Outstanding balance threshold   10,000,000      
Credit Facility Borrowings Through End Of Term | Credit Facility          
Debt Instrument [Line Items]          
Maximum borrowing capacity   $ 10,000,000      
Term B loans | April 3, 2018 Credit Agreement          
Debt Instrument [Line Items]          
Debt instrument, face amount     $ 412,000,000    
Leverage ratio to avoid mandatory prepayments under the Credit Agreement     3.00 1.00  
Leverage ratio at which mandatory prepayments increase under the Credit Agreement (exceeds)     3.50    
Interest rate at the end of the period 5.00%     5.00%  
Term B loans | April 3, 2018 Credit Agreement | Maximum          
Debt Instrument [Line Items]          
Amount of principal or interest if failed to pay considered as event of default     $ 40,000,000    
Amount of debt which results in acceleration of debt if failed to pay considered as event of default     40,000,000    
Amount of unbonded, undischarged or unstayed debt under entry by court of one or more judgments for certain period to determine as event of default     $ 40,000,000    
Term B loans | April 3, 2018 Credit Agreement | Adjusted Eurodollar Rate          
Debt Instrument [Line Items]          
Debt instrument fixed base rate     1.00%    
Interest rate margin     4.00%    
Term B loans | April 3, 2018 Credit Agreement | Base Rate          
Debt Instrument [Line Items]          
Debt instrument fixed base rate     2.00%    
Interest rate margin     3.00%    
Line of Credit | April 3, 2018 Credit Agreement | Credit Facility          
Debt Instrument [Line Items]          
Debt instrument, face amount     $ 15,000,000    
Leverage ratio at which mandatory prepayments increase under the Credit Agreement (exceeds) 1.00   3.50    
Potential increase in additional borrowings     $ 125,000,000    
Potential increase in additional borrowings, sublimit     $ 80,000,000    
Unused commitment fee     0.50%    
Borrowings under revolving credit facility $ 0     $ 0  
Payment due date default period     5 days    
Line of Credit | April 3, 2018 Credit Agreement | Adjusted Eurodollar Rate | Credit Facility          
Debt Instrument [Line Items]          
Interest rate margin     4.00%    
Line of Credit | April 3, 2018 Credit Agreement | Base Rate | Credit Facility          
Debt Instrument [Line Items]          
Interest rate margin     3.00%