XML 90 R79.htm IDEA: XBRL DOCUMENT v3.23.2
Convertible and Redeemable Series A-2 Preferred Stock - Additional Information (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Apr. 13, 2020
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Temporary Equity [Line Items]                
Period between issuance and expiration of outstanding warrant 10 years              
Proceeds from the Series A-2 and Warrant $ 175,000              
Preferred stock, dividends paid   $ 4,100 $ 4,100   $ 4,100      
Number of debt incurrence test ratio           4.5    
Compound embedded derivative, change in net fair value           $ (1,008) $ 2,856  
Convertible And Redeemable Series A-2 Preferred Stock                
Temporary Equity [Line Items]                
Number of shares issued 17,500 17,500       17,500   17,500
Par value per share $ 0.0001 $ 0.0001       $ 0.0001   $ 0.0001
Debt issuance costs, net $ 1,300              
Preferred stock, dividends paid   $ 4,100   $ 4,100   $ 8,200 8,200  
Percentage of discount on common stock market price           15.00%    
Percentage of dividend rate steps downs per year           9.00%    
Percentage of dividend rate increase per annum in the event of noncompliance           12.00%    
Number of days dividend increase rate applicable noncompliance event occurred           90 days    
Percentage of dividend rate increase per annum upon noncompliance occurred and thereafter           14.00%    
Minimum repayment amount           $ 25,000    
Temporary equity description           The Company may, at its option on any one or more dates, redeem all or a minimum portion (the lesser of (i) $25.0 million in aggregate stated value of the Convertible and Redeemable Series A-2 Preferred Stock and (ii) all of the Convertible and Redeemable Series A-2 Preferred Stock then outstanding) of the outstanding Convertible and Redeemable Series A-2 Preferred Stock in cash.With respect to any redemption of any share of the Convertible and Redeemable Series A-2 Preferred Stock prior to the third-year anniversary, the Company was subject to a make whole penalty in which the holders of the Convertible and Redeemable Series A-2 Preferred Stock are guaranteed a minimum repayment equal to outstanding redeemed stated value plus three years of dividends accrued or accruable thereon. Beginning on April 13, 2023, the Company is no longer subject to this make whole penalty.    
Aggregate stated value of stock redeemed   25,000       $ 25,000    
Compound embedded derivative, fair value net   27,200       27,200   $ 25,700
Convertible And Redeemable Series A-2 Preferred Stock | Other Expense                
Temporary Equity [Line Items]                
Compound embedded derivative, change in net fair value   500   $ 600   1,400 $ 1,100  
Convertible And Redeemable Series A-2 Preferred Stock | 60-Day Period Prior to Seventh Anniversary                
Temporary Equity [Line Items]                
Temporary equity convertible into common stock   60,000       60,000    
Convertible And Redeemable Series A-2 Preferred Stock | Year 5                
Temporary Equity [Line Items]                
Temporary equity convertible into common stock   60,000       60,000    
Convertible And Redeemable Series A-2 Preferred Stock | Year 6                
Temporary Equity [Line Items]                
Temporary equity convertible into common stock   $ 120,000       $ 120,000