XML 67 R56.htm IDEA: XBRL DOCUMENT v3.22.2.2
LONG-TERM DEBT (Details)
$ in Thousands
9 Months Ended
Jul. 22, 2021
USD ($)
Apr. 10, 2019
USD ($)
Sep. 30, 2022
USD ($)
derivative
Jun. 15, 2022
USD ($)
May 05, 2022
Dec. 31, 2021
USD ($)
Mar. 26, 2020
USD ($)
Dec. 31, 2016
USD ($)
Jul. 01, 2016
USD ($)
Long-term debt                  
Outstanding borrowings     $ 399,188     $ 366,544      
Current portion of customer receivable credit facility     5,696     $ 4,620      
One Communications Debt                  
Long-term debt                  
Outstanding debt     $ 3,800            
One Communications Debt | Minimum | LIBOR                  
Long-term debt                  
Basis spread on variable rate (as a percent)     2.50%            
One Communications Debt | Maximum | LIBOR                  
Long-term debt                  
Basis spread on variable rate (as a percent)     2.75%            
Viya Debt                  
Long-term debt                  
Term loan assumed                 $ 60,000
Net leverage ratio         7.0       3.5
Stated interest rate               4.00% 4.00%
Financing costs               $ 900  
Outstanding debt     $ 60,000            
Unamortized financing costs     400            
Revolver loan | Credit facility                  
Long-term debt                  
Maximum borrowing capacity   $ 200,000              
Remaining borrowing capacity     103,000            
Net leverage ratio   3.25              
Borrowings outstanding     71,000            
Revolver loan | Credit facility | Minimum                  
Long-term debt                  
Commitment fee (as a percent)   0.15%              
Net leverage ratio   1.75              
Revolver loan | Credit facility | Minimum | LIBOR                  
Long-term debt                  
Basis spread on variable rate (as a percent)   1.25%              
Revolver loan | Credit facility | Minimum | Base rate                  
Long-term debt                  
Basis spread on variable rate (as a percent)   0.25%              
Revolver loan | Credit facility | Maximum                  
Long-term debt                  
Commitment fee (as a percent)   0.375%              
Net leverage ratio   2.75              
Revolver loan | Credit facility | Maximum | LIBOR                  
Long-term debt                  
Basis spread on variable rate (as a percent)   2.25%              
Revolver loan | Credit facility | Maximum | Base rate                  
Long-term debt                  
Basis spread on variable rate (as a percent)   1.25%              
Letter of credit sub-facility | Credit facility                  
Long-term debt                  
Maximum borrowing capacity   $ 75,000              
Performance letters of credit issued and outstanding     26,000            
Swingline sub-facility | Credit facility                  
Long-term debt                  
Maximum borrowing capacity   $ 10,000              
Base rate before one-week or one-month LIBOR (as a percent)   1.00%              
Swingline sub-facility | Credit facility | Federal Funds Effective Rate                  
Long-term debt                  
Basis spread on variable rate (as a percent)   0.50%              
Term loans | Credit facility                  
Long-term debt                  
Maximum borrowing capacity   $ 200,000              
Senior secured delayed draw term loan | Receivable credit facility                  
Long-term debt                  
Maximum borrowing capacity             $ 75,000    
Remaining borrowing capacity     25,400            
Outstanding borrowings     44,300            
Current portion of customer receivable credit facility     5,700            
Financing costs     900            
Unamortized financing costs     $ 800            
Interest rate swap | Alaska credit facility                  
Long-term debt                  
Number of derivative instruments | derivative     0            
Interest rate swap | Credit facility                  
Long-term debt                  
Number of derivative instruments | derivative     0            
Alaska communications | Alaska credit facility                  
Long-term debt                  
Fixed charge coverage ratio 1.25                
Net total leverage ratio 4.00                
Consolidated EBITDA 12 months                
Frequency of periodic payment quarterly                
Alaska communications | Alaska credit facility | Base rate                  
Long-term debt                  
Basis spread on variable rate (as a percent) 1.00%                
Alaska communications | Alaska credit facility | Minimum | LIBOR                  
Long-term debt                  
Basis spread on variable rate (as a percent) 3.00%                
Alaska communications | Alaska credit facility | Maximum | LIBOR                  
Long-term debt                  
Basis spread on variable rate (as a percent) 4.00%                
Alaska communications | Revolver loan                  
Long-term debt                  
Financing costs $ 6,600                
Unamortized financing costs     $ 4,900            
Alaska communications | Revolver loan | Alaska credit facility                  
Long-term debt                  
Maximum borrowing capacity 35,000                
Outstanding borrowings     15,500            
Alaska communications | Revolver loan | Alaska Term Loan                  
Long-term debt                  
Outstanding borrowings 210,000   210,000            
Alaska communications | Secured delayed draw term loan | Alaska Term Facility                  
Long-term debt                  
Maximum borrowing capacity       $ 7,500          
Remaining borrowing capacity     6,800            
Outstanding borrowings     $ 700            
Stated interest rate       4.00%          
Alaska communications | Incremental term loans | Alaska credit facility | Minimum                  
Long-term debt                  
Maximum borrowing capacity $ 70,000                
Alaska communications | Designated as cash flow hedges | Interest rate swap                  
Long-term debt                  
Interest rate (as a percent) 1.6735%                
Period of fourth quarter of 2023 To third quarter 2024 | Alaska communications | Alaska credit facility                  
Long-term debt                  
Periodic payment, principal $ 1,300                
Debt Instrument, From Fourth Quarter of 2024 To Third Quarter of 2026 | Alaska communications | Alaska credit facility                  
Long-term debt                  
Periodic payment, principal $ 2,600                
Period of second quarter of 2024 | Alaska communications | Alaska credit facility                  
Long-term debt                  
Net total leverage ratio 3.75