Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.6.0.2
Debt (Tables)
 12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Summary of Revolver Based upon Borrower's Eligible Accounts Receivable and Inventory

The availability under the Revolver is based upon the Borrower’s eligible accounts receivable and eligible inventory and is computed as of December 31 as follows (in thousands):

 

     2016      2015  

Gross availability

    $ 10,000      $ 10,000  

Outstanding draws

      —          —    

Letter of credit

      —          (81 ) 

Landlord Reserves

      (45 )       (37 ) 
  

 

 

     

 

 

  

Availability on Revolver

    $ 9,955      $ 9,882  
  

 

 

     

 

 

  
Summary of Future Maturities of Loans and Capital Leases

The Company had approximate future maturities of loans and capital leases as of December 31, 2016 as follows (in thousands):

 

     2017     2018     2019     2020     2021     Total  

Term Loan A

    $ 5,336     $ 5,336     $ 5,336     $ 5,336     $ 10,656     $ 32,000  

Unamortized value of the debt issuance costs (a)

      (22 )      (22 )      (22 )      (22 )      (21 )      (109 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total

    $ 5,314     $ 5,314     $ 5,314     $ 5,314     $ 10,635     $ 31,891  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(a) Includes the reclassification of the debt issuance costs as a result of the Company adopting ASU 2015-03 (see Note 2)
Summary of Company's Current and Long-Term Debt (Including Capital Leases)

The following is a breakdown of the Company’s current and long-term debt (including capital leases) as of December 31, 2016 and December 31, 2015 (in thousands):

 

December 31, 2016

     December 31, 2015  
    Current
Portion of
Long-Term
Debt		     Long-Term
Debt		     Total           Current
Portion of
Long-Term
Debt		     Long-Term
Debt		     Total  

Term Loans

   $ 5,336     $ 26,664     $ 32,000       Term Loans     $ 1,873     $ 26,651     $ 28,524  

Unamortized value of the debt issuance costs (a)

     (22 )      (87 )      (109 )     

 Unamortized value of
the debt issuance
costs (a)		  
 
 		     (31 )      (103 )      (134 ) 
 

 

 

    

 

 

    

 

 

      

 

 

    

 

 

    

 

 

  

Total

   $ 5,314     $ 26,577     $ 31,891       Total     $ 1,842     $ 26,548     $ 28,390  
 

 

 

    

 

 

    

 

 

      

 

 

    

 

 

    

 

 

  

 

(a) Includes the reclassification of the debt issuance costs as a result of the Company adopting ASU 2015-03 (see Note 2)