Preferred Stock - Additional Information (Details) $ / shares in Units, $ in Millions |
9 Months Ended | 12 Months Ended | |
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Sep. 30, 2023
USD ($)
Entity
$ / shares
shares
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Dec. 31, 2023
USD ($)
$ / shares
shares
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Dec. 31, 2022
USD ($)
$ / shares
shares
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Class of Stock [Line Items] | |||
Preferred stock aggregate consideration | $ | |||
Preferred shares, par value | $ 0.01 | $ 0.01 | |
Number of entities | Entity | 2 | ||
Preferred shares, issued | shares | 0 | 0 | |
Payments of preferred stock issuance costs | $ | $ 27.4 | ||
Preferred stock convertible shares | shares | 2,500,000 | ||
Series A Preferred Stock | |||
Class of Stock [Line Items] | |||
Preferred stock aggregate consideration | $ | $ 50.0 | ||
Preferred shares, par value | $ 0.01 | ||
Preferred shares, issued | shares | 50,000 | ||
Net proceeds from issuance of preferred stock | $ | $ 48.9 | ||
Payments of preferred stock issuance costs | $ | $ 1.1 | $ 1.1 | |
Preferred stock, liquidation preference for each share | $ 1,000 | ||
Percentage of paid-in-kind dividends at rate per share equal to annual rate | 8.00% | ||
Preferred stock convertible conversion price | $ 20 | ||
Preferred stock, redemption price per share | $ 1.15 | ||
Preferred stock, redemption amount | $ | $ 58.7 | ||
Preferred stock, convertible conversion terms | If the Company elects to convert the Preferred Stock into common shares, it will do so at a conversion rate equal to the greater of:•The Liquidation Preference divided by $10.95, orThe Liquidation Preference divided by the 30-day volume-weighted average price (“VWAP”) of our common stock at the public announcement of the change of control transaction. | ||
Preferred stock, redemption terms | If the Company elects to redeem the Preferred Stock for cash, it will pay out the greater of (1) the Liquidation Preference as of the date of such payment or (2) the amount such holder would receive in the change of control transaction if such share of Preferred Stock had been converted into a number of shares of common stock equal to the greater of: •The Liquidation Preference divided by $20.00 (which is subject to adjustment upon the occurrence of specified events set forth under the terms of the Preferred Stock), and •The Liquidation Preference divided by the 30-day VWAP of our common stock at the change of control date. | ||
Preferred stock, liquidation preference conversion price | $ 10.95 | ||
Preferred stock, liquidation preference redemption price | $ 20 |
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- Definition Net proceeds from issuance of preferred stock and preference stock. No definition available.
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- Definition Number of entities. No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Description of conversion terms for preferred stock. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Per share excess of preference in liquidation over convertible debt instrument's if-converted par or stated value of share. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Rate of interest paid in kind on investment. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash outflow for cost incurred directly with the issuance of an equity security. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Per share conversion price of preferred stock. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of common shares issuable upon conversion of preferred stock. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The per share liquidation preference (or restrictions) of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) that has a preference in involuntary liquidation considerably in excess of the par or stated value of the shares. The liquidation preference is the difference between the preference in liquidation and the par or stated values of the share. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Face amount per share of no-par value preferred stock nonredeemable or redeemable solely at the option of the issuer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The redemption (or callable) amount of currently redeemable preferred stock. Includes amounts representing dividends not currently declared or paid but which will be payable under the redemption features or for which ultimate payment is solely within the control of the issuer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The price per share at which the preferred stock of an entity that has priority over common stock in the distribution of dividends and in the event of liquidation of the entity is redeemed or may be called at. The redemption features of this preferred stock are solely within the control of the issuer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The redemption terms of preferred stock of an entity that has priority over common stock in the distribution of dividends and in the event of liquidation of the entity. The redemption features of this capital stock are solely within the control of the issuer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount to be paid per share that is classified as temporary equity by entity upon redemption. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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