Life Time Group Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Cover
- Audit Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Debt - Revolving Credit Facility (Details)

v3.24.0.1

Debt - Revolving Credit Facility (Details) - Line of Credit $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)
Revolving Credit Facility
Line of Credit Facility [Line Items]
Borrowing capacity	$ 475.0
Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Basis spread on variable interest rate	3.50%
Revolving Credit Facility \| Base rate
Line of Credit Facility [Line Items]
Basis spread on variable interest rate	2.50%
Revolving Credit Facility \| Revolving Credit Facility, maturing December 2026
Line of Credit Facility [Line Items]
Available capacity	$ 352.1
Outstanding balance	$ 90.0
Weighted average interest rate at end of period	8.60%
Weighted average amount outstanding	$ 62.6
Highest month-end balance	$ 150.0
Revolving Credit Facility \| Minimum \| Revolving Credit Facility, maturing December 2026
Line of Credit Facility [Line Items]
Interest repayment term	30 days
Revolving Credit Facility \| Maximum \| Revolving Credit Facility, maturing December 2026
Line of Credit Facility [Line Items]
Interest repayment term	180 days
Letter of Credit \| Revolving Credit Facility, maturing December 2026
Line of Credit Facility [Line Items]
Outstanding balance	$ 32.9
Unsecured Debt
Line of Credit Facility [Line Items]
Maturity date terms, minimum remaining outstanding balance on Secured Notes	100.0
Secured Debt
Line of Credit Facility [Line Items]
Maturity date terms, minimum remaining outstanding balance on Unsecured Notes	$ 100.0

- Definition

Debt Instrument, Repayment Of Interest, Term

+ References

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- Definition

Maturity Date Terms, Minimum Remaining Outstanding Balance On Secured Notes

+ References

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- Definition

Maturity Date Terms, Minimum Remaining Outstanding Balance On Unsecured Notes

+ References

No definition available.

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- Definition

Percentage points added to the reference rate to compute the variable rate on the debt instrument.

+ References

No definition available.

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- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References

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-Name Accounting Standards Codification
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- Definition

Average amount borrowed under the credit facility during the period.

+ References

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.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
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- Definition

Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

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- Definition

Maximum month-end amount borrowed under the credit facility during the period.

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- Definition

Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding).

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- Definition

Weighted average interest rate of long-term debt outstanding calculated at point in time.

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