Note 13 - Subsequent Events |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2018 | |||
Notes to Financial Statements | |||
Subsequent Events [Text Block] |
On February 5, 2019, the Company entered into the fifth amendment to its Credit Agreement (the “Fifth Amendment”) with JPMorgan Chase Bank, N.A., as lender, which amends the Credit Agreement among the Company and the lender. The Fifth Amendment amended the Credit Agreement to, among other things, (1 ) increase our Equipment Line, (2 ) revise the definition of earnings before interest, taxes, depreciation and amortization to include additional add-back adjustments for the years ended December 31, 2018 and 2019, (3 ) revise the definition of fixed charge coverage ratio for the year ended December 31, 2019 to include an unfinanced portion of capital expenditures, (4 ) revise the Credit Agreement’s maximum permitted indebtedness to finance the acquisition, construction or improvement of any fixed or capital assets and (5 ) revise maximum leverage ratio for each of the quarters December 31, 2018 to December 31, 2019.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|