XML 62 R53.htm IDEA: XBRL DOCUMENT v3.23.2
Debt (Details) - USD ($)
3 Months Ended 6 Months Ended
Mar. 24, 2023
Oct. 16, 2020
Jun. 30, 2023
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Debt Instrument [Line Items]            
Proceeds from borrowings under revolving credit facility       $ 0 $ 70,000,000  
Borrowings under revolving credit facility     $ 130,000,000 130,000,000   $ 215,000,000
Revolving Credit Facility            
Debt Instrument [Line Items]            
Borrowings under revolving credit facility     130,000,000 130,000,000   215,000,000
Outstanding line of credit issuance costs     2,300,000 2,300,000   $ 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        
Discretionary principal payments on revolving credit facility     60,000,000 85,000,000 $ 0  
Borrowings under revolving credit facility     $ 70,000,000 70,000,000    
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) 1            
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%          
Proceeds from borrowings under revolving credit facility       $ 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) 1            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent)       1.625%    
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%