Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.7.0.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2017
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 comprised as follows (in thousands):

 

     March 31,
2017		      December 31,
2016		  

Revolver:

      

Gross Availability

    $ 10,000      $ 10,000  

Outstanding Draws

      (1,666 )       —    

Letter of Credit

      —          —    

Landlord Reserves

      (45 )       (45 ) 
  

 

 

     

 

 

  

Availability on Revolver

    $ 8,289      $ 9,955  
  

 

 

     

 

 

  
Summary of Future Maturities of Loans

The Company had approximate future maturities of loans as of March 31, 2017 as follows (in thousands):

 

     2017     2018      2019      2020      2021      Total  

Term Loan

    $ 28,832     $     —        $     —        $     —        $     —        $ 28,832  

Unamortized value of the debt issuance costs (a)

      (129 )      —          —          —          —          (129 ) 

Revolver

      1,666       —          —          —          —          1,666  
  

 

 

    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 30,369     $ —        $ —        $ —        $ —        $ 30,369  
  

 

 

    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

(a) Includes the reclassification of the debt issuance costs as a result of the Company adopting ASU No. 2015-03.
Summary of Company's Current and Long-Term Debt

The following is a breakdown of the Company’s current and long-term debt as follows (in thousands):

 

March 31, 2017

  
     Current
Portion of
Long-Term
Debt		     Long-Term
Debt		      Total  

Term Loan

    $ 28,832     $     —        $ 28,832  

Unamortized value of the debt issuance costs (a)

    $ (129 )    $ —          (129 ) 

Revolver

      1,666       —          1,666  
  

 

 

    

 

 

     

 

 

  

Total

    $ 30,369     $ —        $ 30,369  
  

 

 

    

 

 

     

 

 

  

 

December 31, 2016

  
     Current
Portion of
Long-Term
Debt		     Long-Term
Debt		     Total  

Term Loans

    $ 5,336     $ 26,664     $ 32,000  

Unamortized value of the debt issuance costs (a)

    $ (22 )    $ (87 )      (109 ) 

Revolver

      —         —         —    
  

 

 

    

 

 

    

 

 

  

Total

    $ 5,314     $ 26,577     $ 31,891  
  

 

 

    

 

 

    

 

 

  

 

(a) Includes the reclassification of the debt issuance costs as a result of the Company adopting ASU No. 2015-03.