Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.6.0.2
Debt (Tables)
 12 Months Ended
Dec. 31, 2015
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):

 

     2015      2014  

Gross availability

    $ 10,000       $ 7,432   

Outstanding draws

      —           (566 ) 

Letter of credit

      (81 )       (282 ) 

Landlord Reserves

      (37 )       —     
  

 

 

     

 

 

  

Availability on Revolver

    $ 9,882       $ 6,584   
  

 

 

     

 

 

  
Summary of Future Maturities of Loans and Capital Leases

The Company had approximate future maturities of loans and capital leases as of December 31, 2015 as follows (in thousands):

 

     2016      2017      2018      2019      2020      Total  

Term Loan A (a)

    $ 965       $ 3,860       $ 3,860       $ 3,860       $ 9,630       $ 22,175   

Term Loan B

      908         908         1,136         1,136         2,260         6,348   

Revolver

      —           —           —           —           —           —     

Capital Leases

      3,187         2,204         991         39         —           6,421   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 5,060       $ 6,972       $ 5,987       $ 5,035       $ 11,890       $ 34,944   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

(a) The Company has prepaid its Term Loan A principal payments due on March 31, 2016, June 30, 2016 and September 30, 2016. Each of these payments is $965, representing a total prepayment of $2,895
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, 2015 and December 31, 2014 (in thousands):

 

December 31, 2015

     

December 31, 2014

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

Term Loans

    $ 1,873       $ 26,651       $ 28,524       Term Loans    $ 4,238       $ 15,849       $ 20,087   

Revolver

      —           —           —         Revolver      —           566         566   

Capital Leases

      3,187         3,233         6,420       Capital Leases      2,214         2,617         4,831   
  

 

 

     

 

 

     

 

 

        

 

 

     

 

 

     

 

 

  

Total

    $ 5,060       $ 29,884       $ 34,944       Total    $ 6,452       $ 19,032       $ 25,484