XML 60 R51.htm IDEA: XBRL DOCUMENT v3.23.1
Debt (Details) - USD ($)
3 Months Ended
Mar. 24, 2023
Oct. 16, 2020
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Debt Instrument [Line Items]          
Borrowings under revolving credit facility     $ 190,000,000   $ 215,000,000
Revolving Credit Facility          
Debt Instrument [Line Items]          
Borrowings under revolving credit facility     190,000,000   215,000,000
Outstanding line of credit issuance costs     2,400,000   $ 900,000
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement          
Debt Instrument [Line Items]          
Maximum borrowing capacity   $ 450,000,000      
Additional borrowing capacity   $ 175,000,000      
Variable rate lower range, basis spread   0.625%      
Variable rate higher range, basis spread   1.00%      
Leverage ratio 3.25 3.25      
One-time leverage ratio maximum option 3.75 3.50      
One-time leverage ratio maximum option, period of increased maximum leverage ratio 1 year 1 year      
ICR covenant limit 3.00 3.00      
Amount of unrestricted domestic cash and cash equivalents permitted to net against indebtedness in calculation of total net leverage ratio (up to) $ 50,000,000 $ 50,000,000      
Debt instrument, leverage ratio, maximum   2.75      
Borrowings       $ 0  
Discretionary principal payments on revolving credit facility     25,000,000 $ 0  
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement | Minimum          
Debt Instrument [Line Items]          
Unused capacity, commitment fee (as a percent) 0.25%        
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement | Maximum          
Debt Instrument [Line Items]          
Unused capacity, commitment fee (as a percent) 0.35%        
Allowed restricted payments, including cash dividends   $ 20,000,000      
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement | Eurocurrency loans          
Debt Instrument [Line Items]          
Line of credit, LIBOR rate, minimum basis spread (as a percent)   1.625%      
Line of credit, LIBOR rate, maximum basis spread (as a percent)   2.00%      
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement | RFR Bank Loans          
Debt Instrument [Line Items]          
Line of credit, SONIA rate, minimum basis spread (percent)   0.01625      
Line of credit, SONIA rate, maximum basis spread (percent)   0.02000      
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement | Federal Funds Rate          
Debt Instrument [Line Items]          
Basis spread on variable rate (as a percent)   0.50%      
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement | London Interbank Offered Rate (LIBOR)          
Debt Instrument [Line Items]          
Basis spread on variable rate (as a percent)   1.00%      
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement | Sterling Overnight Index Average (SONIA)          
Debt Instrument [Line Items]          
Basis spread on variable rate (as a percent)   0.0326%      
Revolving Credit Facility | Fifth Amended and Restated Credit Agreement          
Debt Instrument [Line Items]          
Maximum borrowing capacity   $ 450,000,000      
Additional borrowing capacity   $ 225,000,000      
Variable rate lower range, basis spread 0.625%        
Variable rate higher range, basis spread 1.00%        
Borrowings     $ 0    
Revolving Credit Facility | Fifth Amended and Restated Credit Agreement | Eurocurrency loans          
Debt Instrument [Line Items]          
Line of credit, LIBOR rate, minimum basis spread (as a percent) 16250.00%        
Line of credit, LIBOR rate, maximum basis spread (as a percent) 20000.00%        
Revolving Credit Facility | Fifth Amended and Restated Credit Agreement | London Interbank Offered Rate (LIBOR)          
Debt Instrument [Line Items]          
Basis spread on variable rate (as a percent)     1.75%    
Revolving Credit Facility | Fifth Amended and Restated Credit Agreement | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate          
Debt Instrument [Line Items]          
Basis spread on variable rate (as a percent)     1.10%    
Revolving Credit Facility | Fifth Amended and Restated Credit Agreement | Fed Funds Effective Rate Overnight Index Swap Rate          
Debt Instrument [Line Items]          
Basis spread on variable rate (as a percent)     0.50%