XML 56 R46.htm IDEA: XBRL DOCUMENT v3.22.1
Long-term Debt (Narrative) (Details)
1 Months Ended 3 Months Ended 12 Months Ended
Sep. 18, 2022
Mar. 18, 2022
USD ($)
D
item
$ / shares
shares
Mar. 17, 2022
$ / shares
Dec. 30, 2021
USD ($)
Apr. 01, 2021
USD ($)
Oct. 01, 2018
USD ($)
Sep. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Mar. 31, 2022
USD ($)
shares
Mar. 31, 2021
USD ($)
Sep. 19, 2023
USD ($)
Jun. 30, 2022
$ / shares
May 31, 2022
$ / shares
Dec. 31, 2021
USD ($)
shares
Debt Instrument [Line Items]                            
Aggregate principal amount   $ 78,900,000                        
Derivative liability                 $ 77,589,000          
Shares authorized (in shares) | shares                 50,000,000         50,000,000
Amortization of deferred financing costs                 $ 250,000 $ 279,000        
Notes term                 4 years          
Threshold period following written notice after which the election becomes effective 61 days                          
Embedded derivative liability                 $ 77,600,000          
Accrued and unpaid interest only payment period               3 months            
Line of credit, additional payment as a percentage of principal               0.75%            
Direct reduction from face amount               $ 1,000,000.0            
Paid-in-kind interest                 3,193,000          
Loss on extinguishment of debt                 $ (46,347,000)          
Term Loan Facility                            
Debt Instrument [Line Items]                            
Aggregate principal amount           $ 130,000,000.0                
Paid-in-kind interest       $ 3,200,000 $ 2,800,000   $ 3,100,000              
Delayed Draw Term Loan                            
Debt Instrument [Line Items]                            
Aggregate principal amount           $ 15,000,000.0                
Line of credit                            
Debt Instrument [Line Items]                            
Weighted average interest rate                 14.53%          
Line of credit | Term Loan Facility                            
Debt Instrument [Line Items]                            
Convertible debt principal notes                           $ 135,883,000
Line of credit | Revolving ABL Credit Facility                            
Debt Instrument [Line Items]                            
Convertible debt principal notes                 $ 7,798,000         $ 6,300,000
Fixed charge coverage ratio           1.00                
Line of credit facility, borrowing base threshold, percentage           85.00%                
Commitment fee on unused capacity (as a percent)           0.375%                
Line of credit facility, unused commitment fee percentage, revolver contingency           0.25%                
Unused commitment fee percentage, maximum credit threshold           50.00%                
Fixed charge coverage ratio, maximum credit threshold           10.00%                
Borrowing base                 20,100,000          
Line of credit | Federal funds, effective rate | Revolving ABL Credit Facility                            
Debt Instrument [Line Items]                            
Stated interest rate (as a percent)           0.05%                
Line of credit | LIBOR | Term Loan Facility                            
Debt Instrument [Line Items]                            
Interest rate, basis spread (as a percent)           7.50%                
Line of credit | LIBOR | Revolving ABL Credit Facility                            
Debt Instrument [Line Items]                            
Stated interest rate (as a percent)           1.00%                
Line of credit | Prime Rate | Term Loan Facility                            
Debt Instrument [Line Items]                            
Interest rate, basis spread (as a percent)           6.50%                
Revolving credit facility | Line of credit | Revolving ABL Credit Facility                            
Debt Instrument [Line Items]                            
Revolving credit facility, maximum borrowing capacity           $ 40,000,000.0     40,000,000.0          
Remaining availability                 12,000,000.0          
Letter of Credit | Line of credit | Revolving ABL Credit Facility                            
Debt Instrument [Line Items]                            
Revolving credit facility, maximum borrowing capacity           $ 7,500,000                
Minimum | Line of credit | Prime Rate | Revolving ABL Credit Facility                            
Debt Instrument [Line Items]                            
Stated interest rate (as a percent)           1.00%                
Minimum | Revolving credit facility | Line of credit | LIBOR | Revolving ABL Credit Facility                            
Debt Instrument [Line Items]                            
Stated interest rate (as a percent)           2.00%                
Maximum | Line of credit | Federal funds, effective rate | Term Loan Facility                            
Debt Instrument [Line Items]                            
Interest rate, basis spread (as a percent)           0.05%                
Maximum | Line of credit | LIBOR | Term Loan Facility                            
Debt Instrument [Line Items]                            
Interest rate, basis spread (as a percent)           1.00%                
Maximum | Line of credit | Prime Rate | Revolving ABL Credit Facility                            
Debt Instrument [Line Items]                            
Stated interest rate (as a percent)           1.50%                
Maximum | Revolving credit facility | Line of credit | LIBOR | Revolving ABL Credit Facility                            
Debt Instrument [Line Items]                            
Stated interest rate (as a percent)           2.50%                
Convertible Notes                            
Debt Instrument [Line Items]                            
Aggregate principal amount   $ 157,500,000                        
Issuance of common stock through at-the-market facility, net of offering costs (in shares) | shares   2,268,000                        
Derivative liability   $ 75,700,000                        
Number of matters to be submitted for stockholder approval | item   2                        
Shares authorized (in shares) | shares   250,000,000                        
Conversion ratio   0.22172949 0.19723866                      
Threshold additional shares to be issued | shares   7,500,000                        
Percentage of pre-approval conversion ratio   75.00%                        
Amortization of deferred financing costs                 200,000          
Interest expenses                 900,000          
Notes term   18 months                        
Convertible conversion price | $ / shares   $ 4.51 $ 5.07                      
Percentage of note holders   50.10%                        
Loss on extinguishment of debt                 $ (46,300,000)          
Debt discounts   $ 37,800,000                        
Cash fee   6,800,000                        
Non cash structuring fee   $ 2,300,000                        
Effective interest rate                 15.00%          
Amortization of debt discount                 $ 200,000          
Convertible Notes | Term Loan Facility                            
Debt Instrument [Line Items]                            
Aggregate principal amount           $ 157,500,000                
Convertible Notes | SOFR                            
Debt Instrument [Line Items]                            
Interest rate, basis spread (as a percent)   10.00%                        
Debt instrument, variable rate, cash interest   12.50%                        
Debt instrument, variable rate, paid in kind interest   14.00%                        
Debt instrument, decreased variable rate, paid in kind   9.50%                        
Convertible Notes | Floor Rate                            
Debt Instrument [Line Items]                            
Interest rate, basis spread (as a percent)   1.00%                        
Convertible Notes | Subscription Agreement                            
Debt Instrument [Line Items]                            
Aggregate principal amount   $ 157,500,000                        
Notes term   18 months                        
Convertible conversion price | $ / shares                       $ 4.51 $ 5.07  
Holder elected restricted ownership percentage   19.90%                        
Convertible debt principal notes   $ 25,000,000.0                 $ 25,000,000      
Redemption price percentage   105.00%                 104.00%      
Principal amount of debt that is used in conversion calculations   $ 1,000                        
Threshold volume-weighted average price trading days under debt conversion | D   5                        
Convertible Notes | Subscription Agreement | Scenario of Redemption of Debt, After June,30 2023                            
Debt Instrument [Line Items]                            
Redemption amount on quarterly basis   $ 5,000,000.0                        
Convertible Notes | Subscription Agreement | Scenario of Redemption of Debt, After March 31, 2025                            
Debt Instrument [Line Items]                            
Redemption amount on quarterly basis   3,500,000                        
Convertible Notes | Subscription Agreement | Prior to Obtaining Shareholder Approval                            
Debt Instrument [Line Items]                            
MOIC Required Level   1,450.00                        
Convertible Notes | Subscription Agreement | After Obtaining Shareholder Approval                            
Debt Instrument [Line Items]                            
MOIC Required Level   1,350.00                        
Convertible Notes | Subscription Agreement | Line of credit | Revolving ABL Credit Facility                            
Debt Instrument [Line Items]                            
Liquidity covenant   $ 10,000,000.0                        
Fixed charge coverage ratio   1.00                        
Minimum availability   $ 5,000,000.0                        
Maximum capital expenditure next twelve month   25,000,000.0                        
Subjective Increase In Capital Expenditures   500,000                        
Maximum capital expenditure next year two   15,000,000.0                        
Maximum capital expenditure year three   $ 15,000,000                        
Suspend convertible debt period   18 months                        
Convertible Notes | Embedded Derivative Liability                            
Debt Instrument [Line Items]                            
Conversion ratio   221.72949 197.23866                      
Convertible conversion price | $ / shares   $ 4.51 $ 5.07                      
Fair value of embedded conversion feature   $ 0                        
Fair value of contingent interest feature   $ 0                        
Convertible Notes | Embedded Derivative Liability | SOFR                            
Debt Instrument [Line Items]                            
Debt instrument, variable rate, paid in kind interest   14.00%                        
Debt instrument, decreased variable rate, paid in kind   9.50%