Quantum Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

LONG-TERM DEBT - Narrative (Details)

LONG-TERM DEBT - Narrative (Details) - USD ($) $ / shares in Units, shares in Thousands						3 Months Ended		12 Months Ended
	May 24, 2024	Mar. 22, 2024	Feb. 14, 2024	Jun. 01, 2023	Aug. 05, 2021	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2023	May 31, 2024	Mar. 31, 2024
Debt Instrument
Borrowings of long-term debt, net of debt issuance costs						$ 0	$ 12,889,000
Repayments of long-term debt and payment of amendment fees						13,537,000	1,997,000
Loss on debt extinguishment, net						695,000	$ 0
Term debt, current portion						5,000,000				$ 82,496,000
2024 Term Loan Warrants
Debt Instrument
Issuance of warrants	$ 800,000
Amended PNC Credit Facility
Debt Instrument
Line of credit facility, maximum borrowing amount						35,900,000
Line of credit facility daily minimum liquidity										$ 15,000,000
Line of credit, current borrowing capacity						100,000
Term Loan Credit Agreement \| Term Loan
Debt Instrument
Applicable margin (in percent)					6.00%
Prepayment percentage (in percent)					100.00%
Percentage of excess cash flow					75.00%
Debt instrument trigger, amount					$ 3,000,000
Term Loan Credit Agreement \| Term Loan \| Minimum
Debt Instrument
Prepayment percentage (in percent)								0.00%
Term Loan Credit Agreement \| Term Loan \| Maximum
Debt Instrument
Prepayment percentage (in percent)								50.00%
Term Loan Credit Agreement \| Term Loan \| Alternate Base Rate
Debt Instrument
Variable rate rate (in percent)					1.75%
Term Loan Credit Agreement \| Term Loan \| Federal Funds Rate
Debt Instrument
Variable rate rate (in percent)					0.50%
Term Loan Credit Agreement \| Term Loan \| Secured Overnight Financing Rate (SOFR)
Debt Instrument
Variable rate rate (in percent)					1.00%
Term Loan Credit Agreement \| Term Loan \| Secured Overnight Financing Rate (SOFR) \| Minimum
Debt Instrument
Variable rate rate (in percent)					0.75%
Term Loan Credit Agreement \| Term Loan \| Prime Rate
Debt Instrument
Variable rate rate (in percent)					5.00%
Term Loan Credit Agreement \| Senior Secured Debt
Debt Instrument
Debt issuance cost									$ 500,000
Debt settlement fees			$ 1,200,000
Debt instrument, amendment fees	$ 800,000		100,000
Term Loan \| Term Loan \| Term Loan Warrant
Debt Instrument
Warrant exercise price (in dollars per share)	$ 0.46			$ 1.00
Term Loan \| Senior Secured Debt
Debt Instrument
Stated interest rate (in percent)				9.00%
Borrowings of long-term debt, net of debt issuance costs				$ 15,000,000
Debt issuance cost				$ 900,000
Repayments of long-term debt and payment of amendment fees						12,300,000
Loss on debt extinguishment, net						700,000
Term Loan \| Senior Secured Debt \| Related Party
Debt Instrument
Term debt, current portion						$ 18,200,000
Term Loan \| Senior Secured Debt \| Term Loan Warrant
Debt Instrument
Warrants issued (in shares)	2,000			1,250
Fee amount				$ 700,000
Term Loan \| Senior Secured Debt \| Secured Overnight Financing Rate (SOFR)
Debt Instrument
Variable rate rate (in percent)				10.00%
PNC Credit Facility
Debt Instrument
Loan servicing fee (in percent)					6.50%
Fee amount									$ 500,000
PNC Credit Facility \| Line of Credit
Debt Instrument
Line of credit facility, maximum borrowing amount					$ 40,000,000
Loan servicing fee (in percent)					5.50%
Loan servicing trigger (in percent)					0.75%
Loan servicing trigger, rate below variable rate (in percent)					0.75%
Fee amount			$ 200,000	$ 700,000
Average outstanding amount		$ 40,000,000
Lender fee (in percent)		1.00%
PNC Credit Facility \| Minimum \| Line of Credit
Debt Instrument
Commitment fee (in percent)		0.25%
PNC Credit Facility \| Maximum \| Line of Credit
Debt Instrument
Commitment fee (in percent)		0.375%
Domestic Rate And Swing Line Loans \| Line of Credit
Debt Instrument
Loan servicing trigger (in percent)					1.00%
Loan servicing trigger, rate below variable rate (in percent)					1.00%
Domestic Rate And Swing Line Loans \| Overnight Banking Fund Rate \| Line of Credit
Debt Instrument
Variable rate rate (in percent)					0.50%
2021 Term Loan
Debt Instrument
Debt instrument, interest rate, effective percentage						11.61%
2023 Term Loan
Debt Instrument
Debt instrument, interest rate, effective percentage						15.61%
Covenant Period One \| Term Loan Credit Agreement
Debt Instrument
Stated interest rate (in percent)					2.50%
Covenant Period One \| PNC Credit Facility \| Secured Overnight Financing Rate (SOFR) \| Line of Credit
Debt Instrument
Variable rate rate (in percent)					2.75%
Covenant Period One \| Domestic Rate And Swing Line Loans \| Maximum \| Line of Credit
Debt Instrument
Variable rate rate (in percent)					1.75%
Covenant Period One \| Domestic Rate And Swing Line Loans \| Secured Overnight Financing Rate (SOFR) \| Line of Credit
Debt Instrument
Variable rate rate (in percent)					1.00%
Covenant Period Two \| Term Loan Credit Agreement \| Term Loan
Debt Instrument
Stated interest rate (in percent)					5.00%
Covenant Period Two \| PNC Credit Facility \| Secured Overnight Financing Rate (SOFR) \| Minimum \| Line of Credit
Debt Instrument
Variable rate rate (in percent)					2.25%
Covenant Period Two \| PNC Credit Facility \| Secured Overnight Financing Rate (SOFR) \| Maximum \| Line of Credit
Debt Instrument
Variable rate rate (in percent)					2.75%
Covenant Period Two \| Domestic Rate And Swing Line Loans \| Line of Credit
Debt Instrument
Stated interest rate (in percent)						10.25%
Covenant Period Two \| Domestic Rate And Swing Line Loans \| Minimum \| Line of Credit
Debt Instrument
Variable rate rate (in percent)					1.25%
Covenant Period Two \| Domestic Rate And Swing Line Loans \| Maximum \| Line of Credit
Debt Instrument
Variable rate rate (in percent)					1.75%
Covenant Period Two \| SOFR Loans \| Line of Credit
Debt Instrument
Stated interest rate (in percent)						8.19%